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ten difference of micro economics macro economics
Macroeconomics and Microeconomics
macro economics
the contribution of macroeconomics to microeconomics
micor economics is the study of some units of the economy for example a household while macro economics focuses on the whole economy or its aggregates. if microeconomics study some trees, macroeconomics study the whole Forrest
macro- and microeconomics courses (the "big picture" versus individual companies/persons)
micro economics is that branch of economics which study about individuals, households and firms whereas macro economics is a study of whole economy.
for micro we are studying the economic systems in general but as for macro we are now `looking at the world 's economy as a whole
Micro means small and macro means large. Accordingly microeconomics is the study of small parts of the economy whereas macroeconomics is the study of aggregated parts or whole of economy.
Microeconomics is literally "small" economics, which typically concentrates on the interrelatedness of single markets and firms. Macroeconomics is "big" economics and concentrates on the economy as a whole, international trade, etc.
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.
1. Business economics is a branch of economics which applies microeconomics analysis tro decision methods of business or other management units where as economics is the science which studies how the scarce resources are employed for the satisfaction of needs of men living in the society. 2. Business economics is micro in nature whereas economics is macro in nature.