3 years ago

What is the difference between microeconomics and macroeconomics?

1 answer:

Citrus2011 [14]3 years ago

4 0

The major thing that differentiate microeconomics from macroeconomics is the object of study. Microeconomics refers to the study of economics at individual, group or business level while macroeconomics involves the study of economics on the national scale, that is the study of the economy of a nation. The economics of a nation is the combination of all the individuals, businesses, households, etc in a country.

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