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Differences between micro and macro economics

      

Differences between micro and macro economics.

  

Answers


Benjamin
-Difference in degree of aggregation-micro economics study individual units of economy like firm while macro deals with aggregates like national income and aggregate savings i.e it studies the problems of economy as a whole
-Difference in objectives-objective of micro economics is to study the principles,problems and policies concerning optimum location of resources while macro deals studies problems,principles and policies ralating to full employment,national income and growth of economy
-Difference in subject matter-micro deals with price determination ,consumer equilibrium,distribution and welfare while macro deals with principles of full employment ,eclnomic growth and national income
-Mortal and immortal-micro economics deals with individuals and individuals are said to be mortal(they are there for a time) while macro deals with entire economy which is the society and society is immortal(it is there forever)

Kalis answered the question on March 21, 2018 at 06:41


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