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
ten difference of micro economics macro economics
macro is a root for large, while micro is, of course, small
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
MACRO
micro economics and macro economics
ten difference of micro economics macro economics
macro is a root for large, while micro is, of course, small
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
MACRO
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.
micro economics and macro economics
same as of micro economics
Micro economics and macro economics
Who is first use a words of micro economics & macro economics
Ragner Frisch.
Macro-economics and micro-economics are these two divisions.
Micro & macro