state the difference between microeconomics and macroeconomics
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Answer:
Microeconomics is the study of economics at an individual, group or company level. Whereas Macroeconomics is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies.
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Answer:
The main difference between microeconomics and macroeconomics is scale.
Explanation:
Microeconomics:
*effects on price of a goods
*Individual labour market.
*supply of goods.
Macroeconomics:
*whole economy (GDP)
*Inflation.
*Employment or unemployment
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