What is the different between microeconomics …
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Posted by Aarushi Gupta 6 years, 7 months ago
- 2 answers
Yogita Ingle 6 years, 7 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. |
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Rajat Vashisth 6 years, 7 months ago
0Thank You