1). What is microeconomics? Write any three difference between microeconomics and macroeconomic
Share
1). What is microeconomics? Write any three difference between microeconomics and macroeconomic
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach. Macroeconomics takes a top-down approach and looks at the economy as a whole, trying to determine its course and nature. Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. Investors can use microeconomics in their investment decisions, while macroeconomics is an analytical tool mainly used to craft economic and fiscal policy.
Hope it helps :)