Answer to Question #172623 in Microeconomics for Rita

Question

Please I need more explanation about Microeconomics and Macroeconomics... The difference about them

I need to clearly understand them

Answer 1

Microeconomics is a branch of economics that studies the behaviour of individual consumers, households and firms, and how they make choices regarding the allocation and utilization of resources. Macroeconomics is a branch of economics that studies the behaviour and performance of an economy as a whole. It is trying to understand the economy events such as unemployment, growth rate, gross domestic product and inflation.