Distinguish, differentiate, compare and explain what is the difference between Micro Economics and Macro Economics . Comparison and Differences.
Differences between Micro Economics and Macro Economics
| S.No. | Micro Economics | Macro Economics |
| 1 | It is that branch of economics which deals with the economic decision-making of individual economic agents such as the producer, the consumer etc. | It is that branch of economics which deals with aggregates and averages of the entire economy. Example: aggregate output, national income, aggregate savings and investment, etc. |
| 2 | It takes into account small components of the whole economy. | It takes into consideration the economy of the country as a whole. |
| 3 | It deals with the process of price determination in case of individual products and factors of production. | It deals with general price-level in any economy. |
| 4 | It is known as price theory. | It is also known as the income theory. |
| 5 | It is concerned with the optimization goals of individual consumers and producers. | It is concerned with the optimization of the growth process of the entire economy. |
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Difference between Macro Economics vs Micro Economics
Micro Economics vs Macro Economics
Differences between Macro Economics vs Micro Economics
