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Different between microeconomics and macroeconomics

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Different between microeconomics and macroeconomics

    • Posted by Harshit Prajapat 6 years, 11 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Yogita Ingle 6 years, 11 months ago

    Microeconomics Macroeconomics
    It is study of individual economic units of an economy. It is study of the economy as a whole and its aggregates.
    It deals with individual income, individual prices and individual outputs, etc. It deals with aggregates like national income, general price level and national output, etc.
    Its central problem is price determination and allocation of resources. Its central problem is determination of level of income and employment.
    Its main tools are demand and supply of particular commodity/factor. Its main tools are aggregate demand and aggregate supply of the economy as a whole.

     

    0Thank You

    Sakshi Singh 6 years, 11 months ago

    Microeconomics - study of economic problems at small or individual level called microeconomics. Macroeconomics - study of economic problems at large or whole level called macroeconomics.

    2Thank You

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