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.

Search More Topics on the Web



Tags:

Difference between Macro Economics vs Micro Economics

Micro Economics vs Macro Economics

Differences between Macro Economics vs Micro Economics

Spreading Knowledge Across the World

USA - United States of America  Canada  United Kingdom  Australia  New Zealand  South America  Brazil  Portugal  Netherland  South Africa  Ethiopia  Zambia  Singapore  Malaysia  India  China  UAE - Saudi Arabia  Qatar  Oman  Kuwait  Bahrain  Dubai  Israil  England  Scotland  Norway  Ireland  Denmark  France  Spain  Poland  and  many more....