Microeconomics and macroeconomics are considered independent because they focus on different levels of economic analysis. Microeconomics examines individual agents, such as households and firms, and their interactions in specific markets, while macroeconomics looks at the economy as a whole, analyzing aggregate phenomena like national income, inflation, and unemployment. Despite their distinct focuses, the two fields are interconnected, as changes in macroeconomic conditions can influence microeconomic behavior and vice versa. However, their frameworks, methodologies, and scales of analysis allow them to be treated as separate disciplines.
difference in methodology for microeconomics and macroeconomics?
microeconomics im not sure why
a family's decision about how much income to save microeconomics or macroeconomics?
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
microeconomics
difference in methodology for microeconomics and macroeconomics?
Microeconomics means to study the individual economy while in macroeconomics we study the aggregate economy.
microeconomics im not sure why
a family's decision about how much income to save microeconomics or macroeconomics?
macroeconomics and microeconomics
Macroeconomics and Microeconomics
MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.
microeconomics
microeconomics is a micro.
full employment
full employment
Microeconomics and macroeconomics are two major and are general fields of economics.