State three differences between micro economics and macro economics.
Answers
Explanation:
macro economic
Sustainability occurs when an economy achieves a rate of growth which allows an increase in living standards without undue structural and environmental difficulties.
Full employment occurs when those who are able and willing to have a job can get one. Most economists believe that there will always be a certain amount of frictional, seasonal and structural unemployment (referred to as the natural rate of unemployment). As a result, full employment does not mean zero unemployment.
Price stability occurs when prices remain largely stable and there is not rapid inflation or deflation. Price stability is not necessarily zero inflation; steady levels of low-to-moderate inflation is often regarded as ideal.
Micro economic
Industrial Organization: the entry and exit of firms, innovation, and the role of trademarks.
Labor Economics: wages, employment, and labor market dynamics.
Financial Economics: topics such as optimal portfolios, the rate of return to capital, and corporate financial behavior.