Difference between macro and micro economics
Micro economics deals with individuals while macro economics deals with group. For example, in a forest
a tree comes under 'micro' and the forest comes under 'macro'. In economics, a firm is a part of micro economics and the firms together called industry comes under macro economics
micro economics basically belong to the study about relation between demand and supply whereas macro economics belong such a study about production , environment etc.
Microeconomics deals with the economics of the firm, examples are Consumer's Behavior and Production Theory. Macroeconomics deals with the aggregates, examples are National Income Accounts and Inflation.
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