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Micro looks only at the market for a particular good. For example, the supply, demand, price, etc for iron ore.
Macro is concerned with "the economy" as a whole. Its going to look at aggregate supply/demand for a country, the globe, whatever the scale may be. Things like GDP, interest rates, money supply etc are macro issues.
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Macroeconomics deals with the economy as a whole and it examines the forest not the trees. whereas microeconomics focuses on specific units which comprises the economy and it deals withs trees not the forest
What else can I help you with?
Give the differences between micro and macro economics?
ten difference of micro economics macro economics
Macro economics and micro economics?
macro is a root for large, while micro is, of course, small
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.
Is inflation Macro or Micro economics?
MACRO
What are the basic division in economics?
micro economics and macro economics
Give the differences between micro and macro economics?
ten difference of micro economics macro economics
Macro economics and micro economics?
macro is a root for large, while micro is, of course, small
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.
Is inflation Macro or Micro economics?
MACRO
What do you mean by macro and micro environment of business and economy?
In simple words micro macro economics can be explained as- " What holds good for micro economics may not hold good for macro economics' Eg: Savings.
What are the basic division in economics?
micro economics and macro economics
What are the scopes of macro economics?
same as of micro economics
Give the 2 division of economics?
Micro economics and macro economics
Who is first use a word of Micro economics?
Who is first use a words of micro economics & macro economics
Micro economics and macro economics were coined by?
Ragner Frisch.
What are two divisions of economics?
Macro-economics and micro-economics are these two divisions.
What is the 2 kinds of economics?
Micro & macro
