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Do You Agree with the Following Statement? Give Reason. Macro-economics is Different from Micro-economics. - Economics

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Answer in Brief

Do you agree with the following statement? Give reason.

Macro-Economics is different from Micro-Economics.

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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.

Concept: Difference Between Mirco Economic and Macro Economic
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Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 8 Introduction to Macro Economics
Exercise | Q 1.4 | Page 69

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