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What is microeconomics and macroeconomics


Sagot :

Answer:

Microeconomics is the branch of Economics that is related to the study of individual, household and firm's behaviour in decision making and allocation of the resources. ... Macroeconomics is the branch of Economics that deals with the study of the behaviour and performance of the economy in total.

Explanation:

Answer:

microeconomics is the social science that studies the implications of incentives and decisions, specifically about how those affect the utilization and distribution of resources

Macroeconomics studies how an overall economy -the market or other syatems that operate on a large scale- behaves. macroeconomics attempt to how well an economy is performing.