Question

What is the relationship between microeconomics and macroeconomics

Answer 1

Explanation:

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Answer 2

Answer:

Microeconomics and Macroeconomics.

Microeconomics deals with economic issues or economic problems related to microeconomic units like a household, a firm or an industry. These issues and problems are studied and addressed largely with a view to maximising individual welfare. Macroeconomics deals with economic issues or economic problems at the level of economy as a whole. These issues or problems are studied and addressed keeping in mind the goals of social welfare or collective welfare.