what is the basic difference between macroeconomics and microeconomics
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Macroeconomics: An Overview. 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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The basic difference between micro and macro economics is that micro economics studies the problem of scarcity for an individual household but macro economics studies it as an aggregate of all the micro economies.
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