Distinguish macro,micro economics?

Question

Distinguish macro,micro economics?

Answer 1

ah, summer classes are in the air!  It's all a matter of size, my friend.

Answer 2

Micro-Economics would be:  The Price of Tea at Walmart

Macro-Economics would be: The GDP of a Country

Answer 3

1]micro-studies the economic problem of an individual,indi. firm,indi. household etc

macro-studies the economic problems at te level of the economy as a whole.

2]mi-narrow concept

ma-wider concept

3]mi-market relations play an imp. role in relation to poblems

ma-govt. plays an imp. role

4]mi-generally referred to the theory of price

ma-gen. reff. to the theory of income &employment

5]mi-it is a branch if ma is tree

ma-it is a tree if mi is branch

Answer 4

Microeconomics is a branch of economics that studies how individuals, households and firms make decisions to allocate limited resources, typically in markets where goods or services are being bought and sold.

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole.

Answer 5

Macro - (Complex) Interaction of human and material resource groups above and beyond subsistence or survival level.  Example: Conglomerate Farms, Corporate Farms, and Farm Industry.

Micro - (Simple) Details of human and material resource at or below subsistence survival level.  Example: Family Farm.

Answer 6

Macroeconomics is the study of the economy as a whole—including growth

in incomes, changes in prices, and the rate of unemployment. Macroeconomists

attempt both to explain economic events and to devise policies to improve

economic performance.

Microeconomics is the study of how firms and individuals make decisions

and how these decisionmakers interact. Because macroeconomic events arise

from many microeconomic interactions, macroeconomists use many of the

tools of microeconomics.

Answer 7

Microeconomics:  The branch of economics that studies decision making by a single individual, household, firm, industry , or level of government

Macroeconomics: The branch of economics that studies decision making for the economy as a whole.