Question

what is economic explain micro and macro economic

Answer 1

The basic difference is that microeconomics is the study of an individual (a single firm) behavior in an economy. Whereas, Macroeconomics deals with the aggregate(multiple firms in an economy) meaning the whole economy.

Answer 2

Answer:

Economics is divided into two different categories: Microeconomics and Macroeconomics. Microeconomics is the study of individuals and business decisions, while Macroeconomics looks at the decisions of countries and governments.