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What is the difference between Macroeconomics and Microeconomics? (no more than two lines)

What is the difference between Macroeconomics and Microeconomics? (no more than two lines)

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Expert Solution

Microeconomics is a branch of economics that basically deals on the small level that are small firms, individuals, family, etc.

It covers various small issues like demand, supply, pricing, production, consumption, etc

On the other hand, microeconomics is the branch of economics that studies on the basis on a bigger level that is for the whole economy or for the whole country

It covers all the external issues like the national income, employment level, distribution of money, etc

Rahul Sunny answered 2 years ago
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