Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

Microeconomics vs Macroeconomics? Which is better?

user-image
Question ajoutée par Shayan Ali , Accountant , Al Razi Company
Date de publication: 2016/06/14
Barkat Ali
par Barkat Ali , Accountant , Abdullah Bin Ahmed Bin Mohd Al Muzahmi Trading

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.

Muhammad Khan
par Muhammad Khan , Admin& Financial Assistant , Pakistan Society

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

More Questions Like This

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?