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#1
2nd February 2016, 06:50 PM
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Difference between Macro Economics and Micro Economics>
Explain macro economics and micro economics?
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#2
5th February 2016, 06:04 PM
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Re: Difference between Macro Economics and Micro Economics>
Economics is science that deals with production, consumption and distribution of goods and services in an economy.
The difference between Macroeconomics and Microeconomics is given as below: Microeconomics is the branch of economics at individual, company, group or in other words at micro level. The main focus of this branch is on issues that affect individual companies or persons. For example supply and demand of a specific product. On other hand, Macroeconomics is study of national economy. The main focus is on issues that affects whole economy of nation. In includes issues like un employment rates, GDP etc. |
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