![]() While analysing any economy, micro economics takes a bottom-up approach, whereas the macroeconomics takes a top-down approach into consideration.Microeconomics determine the price of a particular commodity along with the prices of complementary and the substitute goods, whereas the Macroeconomics is helpful in maintaining the general price level.Likewise, the term macro-economics was al from the Greek word makros meaning large. The term micro-economics was derived from the Greek word mikros meaning small. ![]() Microeconomics covers issues like how the price of a particular commodity will affect its quantity demanded and quantity supplied and vice versa while Macroeconomics covers major issues of an economy like unemployment, monetary/ fiscal policies, poverty, international trade, etc. The main points of difference between Micro and Macroeconomics are as follows: 1.Microeconomics deals with an individual product, firm, household, industry, wages, prices, etc., while Macroeconomics deals with aggregates like national income, national output, price level, etc.The main difference between microeconomics and macroeconomics is. While microeconomics is applied to operational or internal issues, environmental and external issues are the concern of macro economics. Microeconomics focuses on individual markets, while macroeconomics focuses on whole economies. ![]() As against this, the focus of macro economics is on aggregate economic variables.
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