differentiate between macro and micro economics ??
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differentiate between macro and micro economics ??
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Answer:
The main difference is that micro looks at small segments and macro looks at the whole economy. But, there are other differences. Classical economic analysis assumes that markets return to equilibrium (S=D). ... For a long time, it was assumed that the macro economy behaved in the same way as micro economic analysis.
Answer:
The micro economics is the study of an economic behavior of a particular individual, firm, or household, i.e. it studies a particular unit. On the other hand, macro economics is the study of the economy as a whole i.e., not a single unit but the combination of all, firms, households, nation, etc.
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