Economy, asked by shruti15062002, 1 month ago

what we study in microeconomics? and wgat is the difference between micro and macro economics?​

Answers

Answered by dhrubayanpal7a32020
1

Explanation:

Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.

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. Macroeconomics focuses on issues that affect nations and the world economy.

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