Question

what is true at micro level may not be at macro level.Explain with an example(household example)​

Answer 1

Answer:

This is the meaning of paradox. Example: Saving is a virtue for an individual. ... But at the macro lever," everyone starts saving more, demand for goods and services may decline to the extent that there is no inducement to invest.

Answer 2

A household consists of one or several persons who live in the same dwelling and share meals. It may also consist of a single family or another group of people. The household is the basic unit of analysis in many social, microeconomic and government models, and is important to economics and inheritance.

"Hope this will help you"