MICROECONOMICS VS MACROECONOMICS

WHAT IS MICROECONOMICS?

WHAT IS MACROECONOMICS?

1. Studies individual consumer behavior and decision-making processes.

1. Analyzes national unemployment rates and inflation trends.

1. Focuses on the supply and demand of specific goods and services.

Examines the impact of government fiscal policy on the economy.

1. Investigates how a single company can maximize its profits.

1. Studies overall economic growth and GDP.

1. Analyzes aggregate economic indicators like national income.

1. Deals with price determination in individual markets.