Difference between micro and macro economics

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

Difference between micro and macro economics

Posted by Anita Mahato 2 years, 9 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Dabral 2 years, 9 months ago

Microeconomics studies the particular market segment of the economy, whereas Macroeconomics studies the whole economy, which covers several market segments.
Microeconomics assumes all the macro variables to be constant as national Income, consumption, saving, etc, whereas Macroeconomics assumes that all tile micro variables to be constant as households, firms, prices of Individual products, etc.
Microeconomics deals with an individual product, firm, household, industry, wages, prices, etc., while Macroeconomics deals with aggregates like national income, national output, price level, etc.

0Thank You

Anmol Garg 2 years, 10 months ago

Micro in economics is the study of individual behaviour and macro in economics is the study of aggregate behaviour

0Thank You

ANSWER

Related Questions

What may happen if savings are encouraged in an economy

Posted by Jyotishmita Baishya 1 day, 22 hours ago

CBSE > Class 12 > Economics

0 answers

For a hypothetical economy, assume the government increased an infrastructural investment by Rs. 20,000 crore. 80% of additional income is consumed in the economy. Estimate the increase in income and the corresponding increase in consumption expenditure in the economy

Posted by Akshayashri Soundararajan 1 month ago

CBSE > Class 12 > Economics

0 answers

Discuss the land settlement system introduced under British rule

Posted by Anmol Singh 3 days, 1 hour ago

CBSE > Class 12 > Economics

0 answers

Calculate net national product at factor cost

Posted by Rajesh Mahor 2 weeks, 6 days ago

CBSE > Class 12 > Economics

0 answers

How is the RBI controlling the commercial banks?

Posted by Alisha Rai 6 days, 1 hour ago

CBSE > Class 12 > Economics

1 answers

Why does circular flow of money never stop?

Posted by Sneha Jaiswal 1 month ago

CBSE > Class 12 > Economics

1 answers

Economics sample paper answer

Posted by Krish Singh 1 month ago

CBSE > Class 12 > Economics

0 answers

What is negative externalities

Posted by Saurabh Prakash 1 week, 2 days ago

CBSE > Class 12 > Economics

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Mohini Singh 1 week, 4 days ago

CBSE > Class 12 > Economics

0 answers

Components of domestic territory

Posted by Sneha Jaiswal 1 month ago

CBSE > Class 12 > Economics

1 answers

myCBSEguide

CBSE, JEE, NEET, CUET

myCBSEguide

Test Generator

CUET Mock Tests

Download myCBSEguide App

All Courses

Other Websites

CBSE Courses

Resources

Corporate

NCERT Solutions

CBSE Sample Papers