Answer to Question #188244 in Macroeconomics for Naresh

Question #188244

What are difference between microeconomics and macroeconomics?


1
Expert's answer
2021-05-04T07:21:09-0400

The main significant distinction between microeconomics and macroeconomics is that of scale. Microeconomics is the study of how individuals and businesses make choices on how to allocate scarce resources. Microeconomists are interested in small companies or markets, while macroeconomists research the entire economy.


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