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Micro economicsis the study of how households and firms make decisions and how they interact in specific markets. Macroeconomics is the study of economywide phenomena. A microeconomist might study the effects of rent control on housing in New York City, the impact of foreign competition on the U.S. auto industry, or the effects of compulsory school attendance on workers’ earnings. A macroeconomist might study the effects of borrowing by the federal government, the changes over time in the economy’s rate of unemployment, or alternative policies to promote growth in national living standards.
Microeconomics and macroeconomics are closely intertwined. Because changes in the overall economy arise from the decisions of millions of individuals, it is impossible to understand macroeconomic developments without considering the associated microeconomic decisions. For example, a macroeconomist might study the effect of a federal income tax cut on the overall production of goods and services. But to analyze this issue, he or she must consider how the tax cut affects the decisions of households about how much to spend on goods and services.
Micro economics deals with small level while macro economics deals with large level.
here are some some examples of Micro & Macro Economics
Micro economics deals with single buyers demand & supply ,sellers, supplier, production unit i.e factory
While macro Economics deals with national income,GDP ,GNP, Saving ,Capital ,Inflation ,wages,Profit
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