0
my name is nanik udassi ,well i am not interested in writing whole answer just search oth pages
but for simple as u all know micro is study od individual and small firm and the other now u can guess
my name is naik udassi ,i reside in India ,i don't care what answer u want ,u prepare it for urself by reading book as so i am doing My name is fahad Islam and i am a student of Hailey college of commerce in Pakistan in micro economics we study as individual while in macro economics we study as huge level
Wiki User
∙ 12y ago
Wiki User
∙ 15y agoThis is actually a harder question to explain than one may think.
Micro involves basic (i like to say primitive) level of economics. It offers the concept of supply and demand of certain goods or services. When a price of product goes up, people typically will decide not to purchase as much. Alternatively if the price goes down, they tend go like hot cakes.
Macro involves more complex studies such as fiscal policy (changing government), monetary policy (changing the money supply) and watch how this effects the economy. It also includes interests rates, recessions, inflation/deflation, wealth of a country. It is the more wholly picture of economics.
Add your answer:
Earn +20 pts
Give the differences between micro and macro economics?
ten difference of micro economics macro economics
What is the Difference between price theory and income theory?
Price theory can be referred to as Micro economics and income as Macro.
Is the relationship between the inflation rate and changes in the quantity of money macro or micro economics?
macro
What is the difference between a macro a micro issue in economics for the Red Cross needs blood desperately?
the difference between a macro and a micro issue is that a macro issue is something that is a big issue and a micro issue is a small issue like a big issue is something that you need alot and a micro issue is something that you don't need alot.
Is inflation Macro or Micro economics?
MACRO
Give the differences between micro and macro economics?
ten difference of micro economics macro economics
What is the Difference between price theory and income theory?
Price theory can be referred to as Micro economics and income as Macro.
Is the relationship between the inflation rate and changes in the quantity of money macro or micro economics?
macro
Main difference between classical macro-economics and neo-classical thoughts?
what is diff b/w the classical economist and keynes economist
What is the difference between a macro a micro issue in economics for the Red Cross needs blood desperately?
the difference between a macro and a micro issue is that a macro issue is something that is a big issue and a micro issue is a small issue like a big issue is something that you need alot and a micro issue is something that you don't need alot.
Is inflation Macro or Micro economics?
MACRO
Difference between macro and micro?
Macro is big micro is little
What is the difference between executing a macro and calling a macro?
Calling a macro loads the macro into memory, while executing the macro runs the macro.
What are the basic division in economics?
micro economics and macro economics
Macro economics and micro economics?
macro is a root for large, while micro is, of course, small
What is difference between micro economics macro economics?
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.
How does macro economics differ from micro economics?
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
