Question
What are the differences between micro economics and macro economics?
Answers
MICRO ECONOMICS

Micro economics is the study of small part of component of the whole economy.
Micro economics is called the price theory. It’s explained its composition, or allocation of total production why more of something is produced than of others.
In Micro study about individual consumer behavior or individuals firm or what happens in any particular industry.
If it be an analysis of price, we study about the price of a particular producer or of a particular factor of production.
If it is demand we analysis demand of an individual or that of an industry.
Here we study the income of an individual.

MACRO ECONOMICS

Macro economics is the study and analysis of economic system as a whole.
Macro economics is called income theory. It explains the level of total production and why the level rises and fall.
In Macro we study how the aggregates and the averages of the economy as whole is determined and what causes fluctuation in them.
In macro we study the general price level in country.
In macro we study the aggregate demand of the entire country.
Here we study the national income of the country.   Your Comment




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