Question by  Artani (1)

Give the difference between micro and macro economics in detail.


Answer by  Johnson2231 (237)

Macro ecomomics refers to economics of whole economies. Macro economists work on theories of taxation, labor productivity, and development. Micro economics deals with price theory, consumer choice theory, and supply and demand.


Answer by  tamarawilhite (17883)

Macro-economics involves huge groups, hundreds to billions of people. Micro-economics focus on one person, family unit, or business and its individual economic decisions.

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