+2 votes
in Economics by kratos

Explain the “Micro and Macro” Level of economic activity.

1 Answer

+5 votes
by kratos
 
Best answer

Micro Economics – It studies the economic activities of individual unit like individual form, individual household and individual industries.

Macro Economics – It is associated with the study of groups at entire economy level, For example aggregate demand and aggregate supply of all goods and services and entire economy level, national income.national saving, national investment, total employment, total production.

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