Define Microeconomics and Macroeconomics
On the other hand macroeconomics is the study of the whole economy. Microeconomics is the practice of how households and firms create decisions and also how they interlude in market. Microeconomics Meaning Types And Uses Handwritten Notes Economics Notes Microeconomics Study Economics Microeconomics focuses on issues that affect individuals and companies. . Microeconomics and macroeconomics are two different categories of economics. Economics is broadly divided into two different categories namely microeconomics and macroeconomics. In microeconomics we analyze how consumers make decisions and how firms produce and sell goods and services. Boulding Microeconomics is the study of a particular firm a particular household individual price wage income industry and particular commodity Define the definition of microeconomics by A. Microeconomics deals with prices and production in single markets and the interaction between diffe