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Microeconomic and macroeconomic |
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Answer» Microeconomics and Macroeconomics.Microeconomics deals with economic ISSUES or economic problems related to microeconomic units like a household, a firm or an industry. These issues and problems are STUDIED and addressedlargely with a view to maximising individual welfare. Macroeconomics deals with economic issues or economic problems at the level of economy as a WHOLE. These issues or problems are studied andaddressed keeping in MIND the goals of social welfare or collective welfare. |
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