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Difference between micro and macro

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Difference between micro and macro

Posted by Vibha Kashyap 1 year, 9 months ago

CBSE > Class 11 > Economics

2 answers

Kalyan Sundaram 1 year, 9 months ago

Microeconomics is that part of economics theory that studies the behavior of individual units of an economy. Macroeconomics is that part of economics theory that studies the behavior of the aggregate of the economy as a whole. Tool: Micro is a tool for demand & supply. Macro is a tool for aggregate demand & aggregate supply. Example: micro, individual income, individual output. macro, National income, National output

Reena Sharma 1 year, 9 months ago

Microeconomics is that part of economics theory which studies the behaviour of individual units of an economy. Macroeconomics is that part of economics theory which studies the behaviour of aggregate of the economy as a whole. Tool: Micro is tools for demand & supply. Macro is a tool for aggregate demand & aggregate supply. Example: micro, individual income, individual output. macro, National income, National output

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