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Answer to Question #224520 in Economics for Fatima
Question #224520
Differentiate between micro and macro economics
Expert's answer
Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption.
Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale.
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#340153 on Dec 2023
#340153 on Dec 2023
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