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Different between microeconomics and macroeconomics? Give …

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Different between microeconomics and macroeconomics? Give examples?

Posted by Yash Mishra 3 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 3 years, 6 months ago

Microeconomics is the study of economics at an individual, group, or company level. Whereas, macroeconomics is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies. Macroeconomics focuses on issues that affect nations and the world economy. Unemployment, interest rates, inflation, GDP, all fall into Macroeconomics. Consumer equilibrium, individual income and savings are examples of microeconomics.

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