whrite the difference micro and micro …

S.No

Microeconomics

Macroeconomics

1.

Microeconomics studies individual economic units

Macroeconomics studies a nation’s economy, as well as its various aggregates.

2.

Microeconomics primarily deals with individual income, output, price of goods, etc.

Macroeconomics is the study of aggregates such as national output, income, as well as general price levels.

3.

Microeconomics focuses on overcoming issues concerning the allocation of resources and price discrimination.

Macroeconomics focuses on upholding issues like employment and national household income.

4.

Microeconomics accounts for factors like demand and supply of a particular commodity.

Macroeconomics account for the aggregated demand and supply of a nation’s economy.

5.

Microeconomics offers a picture of the goods and services that are required for an efficient economy. It also shows the goods and services that might grow in demand in future.

Macroeconomics helps ensure optimum utilisation of the resources available to a country.