Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
789 views
in Economics by (79.3k points)

Give reasons or explain the Macro economics is different from micro economics.

1 Answer

+1 vote
by (76.4k points)
selected by
 
Best answer

Yes, I agree to it.

Reasons :

(i) Macroeconomics is the study of entire economy where as on the other hand, microeconomics is a study of the particular segment of an economy.

(ii) Macroeconomics studies aggregate demand, aggregate supply, national income, general price level, etc. On the other hand, micro economics studies individual demand, individual supply, individual income, price determination of particular product, etc.

(iii) Macroeconomics follows general equilibrium analysis. On the other hand, microeconomics follows partial equilibrium analysis.

(iv) Macroeconomics uses lumping method. On the other hand, microeconomics uses slicing method. Therefore, macroeconomics is different from microeconomics.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...