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What is the difference between microeconomics …

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What is the difference between microeconomics and

Posted by Baldev Singh 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Diya Malik 6 years, 7 months ago

Microeconomics - .It deals with economic issues related to small economic units like producer, consumer Its study assumes macro variables to be .constant .Components- Theory of producer behaviour Theory of consumer behaviour Theory of price Macroeconomics- .It deals with economic issues related to economy as a whole .Its study assumes micro variables to be constant .components- Theory of equilibirium AD=AS Theory of disequil. AD not equal to AS Theory to correct disequil. - monetry policy, fiscal policy

Rima Paul 6 years, 7 months ago

Micro is a theory which studies related to indivials.demand and supply are two tools. Macroeconomics is a theory which studies theory related by aggregates as whole.eg-national income

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