Discuss difference between micro and macro economics?

Answer 1

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

Answer 2

This 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.