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The production and distribution of goods and services as seen from the perspective of a government or other controlling body who can take in the whole picture of the national economy.

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What is the micro and macroeconomics?

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.


What is the similarities of macroeconomics and microeconomics?

Microeconomics and macroeconomics are related because changes in the overall economy arise from the decisions of millions of individuals. Although they are related, the methods employed in each area differ to the extent they be studied in separate courses or discussions.


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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.


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Journal of Macroeconomics was created in 1979.


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