Question
Distinguish between microeconomics and macroeconomics. Give examples.
✓
Answer
Micro economics deals with behaviour of individual economic agents. Macro economic deals with aggregates of the economy.
Examples:-
Micro Eco: Consumer’s equilibrium, etc.
Macro Eco: National Income, etc.
Examples:-
Micro Eco: Consumer’s equilibrium, etc.
Macro Eco: National Income, etc.
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