"macroecomics is the study of aggregate …
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Meghna Thapar 5 years ago
Macroeconomics is the study of aggregates while microeconomics is not. ... It is in microeconomics that we study concepts like market demand which is the aggregate of individual demand for a commodity. However, the difference lies in the degree of aggregation. Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.
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