Microeconomic and macroeconomic are two different phenomena. - Vidyadip

Question

Microeconomic and macroeconomic are two different phenomena.

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Answer

Yes, I agree with the statement.

Microeconomics deals with the economic behaviour of small units while macroeconomics deals with the economic behaviour of large units.
Microeconomics uses the slicing method while macroeconomics uses the lumping method.
Microeconomics is based on partial equilibrium analysis, while macroeconomics is based on general equilibrium analysis.
The microeconomic analysis is also called a “Price theory” while macroeconomic analysis is also called an “Income theory”.
Thus, microeconomics and macroeconomics are two different phenomena.

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