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Question
Do you agree with the following statement? Give reason.
Macro-Economics is different from Micro-Economics.
Solution
The above statement is correct. Macroeconomics is quite different from microeconomics. Macroeconomics is concerned with large sections of the economy or the economy as a whole. It is that branch of economics which deals with the economics activities by all the economic spheres, varying economic situations and economic problems of the economy as a whole. Microeconomics, on the other hand, studies only one individual consumer or one individual producer like the households, firms, consumers etc.
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RELATED QUESTIONS
Distinguish between the following.
Micro Economics and Macro Economics.
Explain with reason, whether you agree or disagree with the following statement:
There is difference between Micro Economics and Macro Economics.
State whether the following statements are True or False with reasons:
There is no difference between the macro and micro economics.
Distinguish between the following
Marco-Economics and Macro-Economics
