Question

What is deference between Macroeconomic and Microeconomics?

What is deference between Macroeconomic and Microeconomics?

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Answer #1

Macroeconomic: - Macroeconomic is the wide range of study. Macroeconomic is the study of a national economy as a whole.

Macroeconomic is a variety of economy-wide it thoroughly examined such as inflation, price levels, a rate of growth, national income, gross domestic product and changes in unemployment.

Microeconomics is the study of economic at an individual, group at very small level. Microeconomics gives its focus to individual sections of the economy

It deals with the that all factor are equal ( price, product, service) goes up, so demand for that product and service declines, if the price declines, demand goes up, all that study done in microeconomic at a small level.

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