Kevinmendoza90idn
Answered

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How is Microeconomics differ from Macroeconomics?​

Sagot :

Sowekyutidn

Explanation:

The basic difference between macroeconomics and microeconomics is that: ... macroeconomics is concerned with generalization while microeconomics is concerned with specialization. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets).

Flayeagathaidn

Macroeconomics is concerned with generalization. It is the study of the whole economy. It looks at ‘aggregate’ variables, such as aggregate demand, national output and inflation.

Microeconomics is concerned with specialization. Wherein it is the study of particular markets, and segments of the economy. It looks at issues such as consumer behaviour, individual labour markets, and the theory of firms.

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