Question

Who is the father of microeconomics and macroeconomics?

Answer 1

father of macroeconomics John Maynard Keynes
father of microeconomics Adam Smith
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Answer 2

Adam Smith is the father of Micro-economics. John Maynard Keynes is considered the  father of macro-economics.

Explanation:

• Economics studies the economy and the different activities associated with the economy.  There are two branches of economics that  are 'Micro-economics' and 'Macro-economics'
• 'Micro-economics' is part of economics that studies the independent units of households, business companies and the industries. It  determines the relationship between these independent units and studies the different factors of production and distribution.
• 'Macro-economics' is part of economics that studies the economy as a whole. It takes into account the total prices of goods and services, the level of employment and total production of goods.

To know more about Economics

Define economics and classify economic and non-economic activities

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