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The main difference is that micro-economists are wrong about specific things, while macro-economists are wrong about things in general.
Micro-economics is concerned with the behaviour(economic decisions) of an individual, firm or a particular industry. it includes, for instance, the decision of a firm to produce 50 units of a good, with its available resources.
Macro-economics, on the other hand, is concerned with economic decisions regarding an economy as a whole. it includes government policies, regarding minimum wage rates, for example.
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
Is the relationship between the inflation rate and changes in the quantity of money macro or micro economics?
macro
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
Is the relationship between the inflation rate and changes in the quantity of money 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 is the similarities between micro and macro economics?
There are quite a number of similarities between micro and macro economics. Both are studies of different facets of the economy with micro-economy analyzing mechanism in the market and macroeconomics looking at government policies in the market among other things.
