discuss the feature of macro and microeconomics
Dear student,
Here are some of the features, and differences between microeconomics and macroeconomics
Regards.
Here are some of the features, and differences between microeconomics and macroeconomics
Microeconomics | Macroeconomics |
Microeconomics studies individuals behavior | Macroeconomics study the economy as a whole |
focuses on supply and demand | focuses on aggregate demand and supply |
it primarily deals with individual income, output, price of commodities, etc. | it primarily deals with national income, general price levels, etc. |
It helps in how equilibrium can be achieved at a small scale | It helps in determining the equilibrium levels of income and employment |
Regards.