Ragnar Frisch, Norwegian Economist, coined the terms 'micro' and 'macro' economics for the first time. He was the first Economics Nobel prize winner in 1969.
Ragner Frisch.
Ragner Frisch.
Ragner Frisch.
Ranger Frisch coined these two terms in 1933.
not sure but i guess" J.M Keynes".
Ragner Frisch.
Ragner Frisch.
Ragner Frisch.
Ranger Frisch coined these two terms in 1933.
not sure but i guess" J.M Keynes".
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