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Contrast Macroeconomic And Microeconomics

873 Words4 Pages

Firstly, let me start by explaining the meaning of macroeconomic and microeconomic.
Macroeconomics is the division of economics which help us to study the behavior and performance of an economy; it also helps us to focus on the aggregate changes in the economy for example Gross Domestic Product (GDP), inflation and unemployment. Macroeconomics focused on the determinants of total national output, it studies the national income not only the household or individual income but the overall price level; it also analyze the demand of total employment in the economy not only the individual.
Secondly Microeconomics, basically microeconomics is the opposite of macroeconomic. Microeconomics is the study of individuals, households and firms behaviour …show more content…

It is the study of a particular organization, household, individual prices, wages and income, individual commodities and industries.
Macro means large or whole Micro means very small or millionth part
Example of macroeconomic is about national production, national income, income level. Examples of microeconomic are person, a producer and an investor.
It analyzes overall it provides full figure of a country. It analyzes individually provides a partial concept or partial figure of a country
It is concerned with the overall performance of the economy However it is only concerned with the individual entities.

Firstly, let me start by explaining the meaning of macroeconomic and microeconomic.
Macroeconomics is the division of economics which help us to study the behavior and performance of an economy; it also helps us to focus on the aggregate changes in the economy for example Gross Domestic Product (GDP), inflation and unemployment. Macroeconomics focused on the determinants of total national output, it studies the national income not only the household or individual income but the overall price level; it also analyze the demand of total employment in the economy not only the …show more content…

It is the study of a particular organization, household, individual prices, wages and income, individual commodities and industries.
Macro means large or whole Micro means very small or millionth part
Example of macroeconomic is about national production, national income, income level. Examples of microeconomic are person, a producer and an investor.
It analyzes overall it provides full figure of a country. It analyzes individually provides a partial concept or partial figure of a country
It is concerned with the overall performance of the economy However it is only concerned with the individual entities.

Firstly, let me start by explaining the meaning of macroeconomic and microeconomic.
Macroeconomics is the division of economics which help us to study the behavior and performance of an economy; it also helps us to focus on the aggregate changes in the economy for example Gross Domestic Product (GDP), inflation and unemployment. Macroeconomics focused on the determinants of total national output, it studies the national income not only the household or individual income but the overall price level; it also analyze the demand of total employment in the economy not only the

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