www.kolahall.com
Kolahall is an online based magazine in Bangladesh.

Differences between Microeconomics and Macroeconomics

0 51

Microeconomics

Macroeconomics

It is the branch of economics which deals with the economic decision-making of individual economic agents such as the producer, the customer, etc. It is the branch of economics which deals with aggregates and averages of the entire economy. eg., aggregate savings and investment, etc.
It takes into account small components of the whole economy. It takes into consideration the economy of any country as a whole.
It deals with the process of price determination in case of individual products and factors of production. It deals with general price-level in any economy.
It is known as price theory. It is known as the income theory.
It is concerned with the optimization goals of individual consumers and products. It is concerned with the optimization of the growth process of the entire economy.

 

You might also like
Comments
Loading...