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| Microeconomics | Macroeconomics |
| Microeconomics studies individual economic units | Macroeconomics studies a nation’s economy, as well as its various aggregates. |
| 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. |
| Microeconomics focuses on overcoming issues concerning the allocation of resources and price discrimination. | Macroeconomics focuses on upholding issues like employment and national household income. |
| 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. |
| 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. |
| Microeconomics helps point how equilibrium can be achieved at a small scale. | Macroeconomics help determine the equilibrium levels of employment and income of the nation. |
| Microeconomics also focuses on issues arising due to price variation and income levels. | The primary component of macroeconomic problems is income. |
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Bhawesh Kumar Bhawesh 4 years, 2 months ago
2Thank You