व्हाट इज डिफरेंस बिटवीन माइक्रोइकोनॉमिक्स एंड मैक्रोइकोनॉमिक्स
Answers
Answer:
Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach.
Answer:
Micro economics involves :-
1. Supply and demand in individual markets.
2. Individual consumer behaviour. e.g. Consumer choice theory
3. Individual labour markets – e.g. demand for labour, wage determination.
4. Externalities arising from production and consumption. e.g. Externalities
Macro economics involves :-
1. Monetary / fiscal policy. e.g. what effect does interest rates have on the whole economy?
2. Reasons for inflation and unemployment.
3. Economic growth
4. International trade and globalisation
5. Reasons for differences in living standards and economic growth between countries.
Government borrowing
Explanation:
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