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| 1. |
Different between micro and macro economics |
| Answer» microeconomics refers to that Economics with deals with the economic problem related to life of an individual person for example calculating the pocket money of an individual person is a component of microeconomics the vital components of microeconomics are as follows first theory of producer behaviour of Theory of supply theory of consumer behaviour of theory of demand and theory of price determination also microphone macroeconomics officer that branch of economics that deals with the economic problems related to economy as a whole for example calculating national income and GDP growth is example of macroeconomics the vital components of microeconomics theory related to the equilibrium in the economy theory related to the disequilibrium in the economy and theory of its correction.<br>Micro study individual economic variable whereas macro study aggregate economic variable.Ex. Income of one person is micro economics whereas Income of whole country in macro economics. | |