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Introduction — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIntroduction2 Marks
Question
Distinguish between microeconomics and macroeconomics.
✓

Answer

S. No.
Basis
Microeconomics
Macroeconomics
1.
Meaning
Microeconomics is the study of individual Economic units.
Macroeconomics is the study of the economy as a whole or its aggregates.
2.
Objectives
It lays emphasis on the allocation of resources and price determination.
It lays emphasis on the determination of National income and employment.
3.
Examples
Consumer's equilibrium, individual demand, pricing of good etc.
Economy's equilibrium. national income' Aggregate demand. inflation etc.

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