Differences between Micro Economics and Macro Economics




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

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