Question

what is the diffrence between micro and macro economics?​

Answer 1

Answer:

Microeconomics is the study of particular markets, and segments of the economy. It looks at issues such as consumer behavior, individual labor markets, and the theory of firms.

Macro economics is the study of the whole economy. It looks at ‘aggregate’ variables, such as aggregate demand, national output and inflation.

Micro economics involves

Supply and demand in individual markets.

Individual consumer behavior. e.g. Consumer choice theory

Individual labor markets – e.g. demand for labor, wage determination.

Externalities arising from production and consumption. e.g. Externalities

Macro economics involves

Monetary / fiscal policy. e.g. what effect does interest rates have on the whole economy?

Reasons for inflation and unemployment.

Economic growth

International trade and globalization

Reasons for differences in living standards and economic growth between countries.

Government borrowing

Explanation:

Answer 2

$\huge {\boxed{\mathfrak\pink{\fcolorbox{red}{purple}{ANSWER}}}}$

Microeconomics is the study of economics at an individual, group or company level. Whereas Macroeconomics is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies.