Microeconomics is the study of economics from a more individual point of view (ex: consumers and their spending habits and firms in how they make profits) and how economy affects people in their daily lives. Macroeconomics is economics from a 'big picture' perspective, such as how our country's economy affects the world as a whole, etc.
Macroeconomics deals with large-scale economic decisions. It focuses on countries or continents and large regions, and it generally has applications for government policy makers. In contrast, microeconomics focuses on small-scale economic decisions, between individuals and firms. It examines how businesses can be the most successful and why individuals make the economic decisions that they do.
Microeconomics focuses on the market’s supply and demand factors & determines the economic price levels And facilitates decision making for smaller business sectors.
Macroeconomics is a vast field, In which Governments make policy.Fiscal Policy Monetary Policy
In which concentrates on two major areas,increasing GDP and changes in the national income.
Economics is the study of the exchange of goods, services, and currency. Macroeconomics is the study of economics over large groups, from tens of thousands to billions (the world). Microeconomics is the study of economics for small groups down to the factors that determine the value of goods and services to a single individual.
Microeconomics is the study of economics concerning industries,bussinesses,firms etc. whereas Macroeconomics deals with study of Economies of continents,comparing GDPs of countries etc.
Micro economics has more disaggregative variables whereas macroeconomics has less disaggregative variables.Microeconomics comes from "mikros" meaning small and Macroeconomics from "Makro" meaning large.
it is actually an expression of the economics revolution based on its process. Micro id dealing with a minority, individual, or smaller group, different from the overall process of macro.
micro economic is the study of particular -firm,household,commodities,individual prices,wages,income....but macro economies deals with the national income,general price level and national output.etc.
The difference between Microeconomics an Macro economics is there level of operation. Micro econ operates on an individual level, dealing with demand and supply and consumers behaviour( budget line and constraints). on the other hand, Microeconomics compiles consumer demand and supply to study the price level, inflation and unemployment level.
micro economics deals with individual unit for example: individuals income etc macro deals with aggregate unit of economy. example: national income. micro is also called as price theory and macro as general employment theory..
macroeconomics deal with the big picture of economy as a whole it includes =employment=prices =tax rates=productivity and relation between them.micro includes study of individual,business=like firm etc.
Macroeconomics look in a bigger, huge and vast picture. For example, inflation, equal income distribution, price stability, full employment and efficient allocation of resources. These will helps to improve the country economy, and help to enhance the country economy efficiency and to ensure stable and sustainable growth in the country.
microeconomics focuses between sellers and buyers only...
ahile the macroeconomics impedes the society or country..not only the producers and consumers but also affects our community..
microeconomics is the study of thinking in the box and macroeconomics is the study of thinking out of the box.if you dont believe me,ask professor jp lukas ver kan from the university of spatons usa or call me here 0720878986...ill explain it better to you...bye i love you all amen
