What is micro and macro?

What is micro and macro?

The difference between micro and macro economics is simple. Microeconomics is the study of economics at an individual, group or company level. Macroeconomics, on the other hand, is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies.

What is the difference between micro and macro levels?

(Micro refers to small-scale, individual or small group interactions, while macro refers to large scale processes). … Micro-level issues include personal motivations, identity, the body, and our interactions with people around us: all of which walking reflects.

What is the difference between macro and micro economics PDF?

Microeconomics is the study of the decision-making process of individuals. Macroeconomics is the study of aggregate decision making. The players in the economy include households, businesses, government, and foreign trade.