what is micro economics and macro economics
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Microeconomics is the study of individuals and business decisions.
Macroeconomics looks at the decisions of countries and governments.
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5
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The word micro means very small .and micro economics implies study at very small level . micro economics is the study of decision making to use resources by the smallest components of society , namely individuals, household and business firms.
Macro economics means total or study of economics in large level. the society or the country or the economic is very large entity compared to individuals.the decision like collection of taxes, expenditure etc......
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