Answer to Question #188244 in Macroeconomics for Naresh

Question

What are difference between microeconomics and macroeconomics?

Answer 1

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.