What is diffance betwen macro and …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Kusum Chettri 5 years, 10 months ago
- 4 answers
Yogita Ingle 5 years, 10 months ago
| Basis for Differentiation | Microeconomics | Macroeconomics |
|
Meaning |
Microeconomics studies the particular market segment of the economy | Macroeconomics studies the whole economy, that covers several market segments |
| Deals with? | Microeconomics deals with various issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc., | Macroeconomics deals with various issues like national income, distribution, employment, general price level, money, etc., |
| Business Application | Applied to internal issues | Environment and external issues |
| Scope | Covers several issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc. | Covers several issues like distribution, national income, employment, money, general price level, etc., |
| Significance | Useful in regulating the prices of a product alongside the prices of factors of production (labour, land, entrepreneur, capital, etc) within the economy | Perpetuates firmness in the broad price level and solves the major issues of the economy like deflation, inflation, rising prices (reflation), unemployment and poverty as a whole |
Ananya Kashyap 5 years, 10 months ago
Test
Related Questions
Posted by Nandita Sharma 1 year, 5 months ago
- 1 answers
Posted by Mehar Ansari 1 year, 5 months ago
- 0 answers
Posted by Rijum Karlo 1 year, 4 months ago
- 0 answers
Posted by Naman Jain 1 year, 4 months ago
- 1 answers
Posted by Niyati Garg 1 year, 4 months ago
- 0 answers
Posted by Dipika Sharma 1 year, 4 months ago
- 0 answers
Posted by Shruti Singh 1 year, 5 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Samar Gagneja Panjabi Boy Samar 5 years, 10 months ago
0Thank You