What is macroeconomic and microeconomics
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Posted by Abishek Singh 8 years, 5 months ago
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Amar Kumar 8 years, 5 months ago
The branch of economics that studies the behavior of an individual consumer, firm, family is known as Microeconomics.Covers various issues like demand, supply, product pricing, factor pricing, production, consumption, economic welfare, etc.
The branch of economics that studies the behavior of the whole economy, (both national and international) is known as Macroeconomics.Covers various issues like, national income, general price level, distribution, employment, money etc.
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