MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
Microeconomics deals with the study of how individuals, including individual groups deal with scarcity. Macroeconomics deals with the study of how combinations or aggregates of individuals deal with scarcity.
The main relationship between microeconomics and macroeconomics are that they are both studies of economics and they both deal with economic factors. Microeconomics deals with economics on a small scale and is broken down into smaller, more individual areas. Macroeconomics deals with economics on a larger scale and focuses on economic factors overall.
Macroeconomics is concerned with the functions, interactions, and changes in the larger economic. Macroeconomics represents aggregate economic decisions, which are the sum of individual decisions. Macroeconomics does not need to be associated with the economy as a whole, but it usually is.
Macroeconomics deals with studying the behavior, decision making, performance and structure of an economy as a whole instead of its component parts. Macroeconomics usually studies the aggregate supply/aggregate demand model, using it to explain the performance of the GDP of a nation based on the various components.
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
Microeconomics deals with the study of how individuals, including individual groups deal with scarcity. Macroeconomics deals with the study of how combinations or aggregates of individuals deal with scarcity.
The two major fields of economic study are macroeconomics and microeconomics. Macroeconomics deals with the large scale economic factors while microeconomics deals wit single factors of personal decisions.
The main relationship between microeconomics and macroeconomics are that they are both studies of economics and they both deal with economic factors. Microeconomics deals with economics on a small scale and is broken down into smaller, more individual areas. Macroeconomics deals with economics on a larger scale and focuses on economic factors overall.
Edward Shapiro has written: 'Understanding money' -- subject(s): Monetary policy, Money 'Macroeconomics' -- subject(s): Macroeconomics
Macroeconomics is the study of broad functions of an economy. It has importance in Government, Politics, Trade, Industry, and every other feild that deals with monetary regulations.
Macroeconomics is concerned with the functions, interactions, and changes in the larger economic. Macroeconomics represents aggregate economic decisions, which are the sum of individual decisions. Macroeconomics does not need to be associated with the economy as a whole, but it usually is.
Macroeconomics deals with studying the behavior, decision making, performance and structure of an economy as a whole instead of its component parts. Macroeconomics usually studies the aggregate supply/aggregate demand model, using it to explain the performance of the GDP of a nation based on the various components.
Science deals with understanding how the universe works, and technology deals with the creation of useful devices based upon scientific understanding.
Macro Economics is not considering only the out put without having any input. Macroeconomics is that branch of Economics which study the overall economic system or entire economy or aggregate variables. Such as total or national income(for Afghanistan 13 bn $), total employment(15 mn), total or aggregate saving, aggregate supply and demand and general price(6%). •Macroeconomics deals with aggregates of variables or quantities(total) and not with individual quantities, deals with national income and not with individual income, deals with general price level and not with individual prices, deals with national output and not with individual output'.
From my understanding, the branch of science that deals with animal life is zoology.
Which level does macroeconomics focus on?