Question

What is mean by micro & macro Economics? ​

Answer 1

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• Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
• Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes and government spending to regulate an economy’s growth and stability. This includes regional, national, and global economies

Answer 2

Answer:

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

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