what is the proper defination of micro or macro economics?

Question

plz answer me me is waiting ur helpful and useful answers.

Answer 1

Microeconomics, the study of the economic behaviour of small economic groups such as firms and families, is one of the largest subfields in economics. These resources will help you ace your test, get a good mark on your microeconomics term paper, and help you understand how economic decisions are made.

Wikipedia states that "Microeconomics is the study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product."

Macroeconomics, the study of broad economic activities and trends, is possibly the largest subfield in economics. These resources will help you ace your test, get a good mark on your macroeconomics term paper, and help you understand how the economy operates.

"Macroeconomics considers the performance of the economy as a whole. Many macroeconomic issues appear in the press and on the evening news on a daily basis. When we study macroeconomics we are looking at topics such as economic growth; inflation; changes in employment and unemployment, our trade performance with other countries (i.e. the balance of payments) the relative success or failure of government economic policies and the decisions made by the Bank of England." Wikipedia states that "Macroeconomics is the study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices. Macroeconomics can be used to analyse how best to influence policy goals such as economic growth, price stability, full employment and the attainment of a sustainable balance of payments

Answer 2

Microeconomics studies the economic behavior of individual units (including businesses and households) and their interactions through individual markets, given scarcity and government regulation.Within microeconomics, general equilibrium theory goes through and sums up all markets, including their movements and interactions toward equilibrium.
Macroeconomics studies an economy as a whole "top down" with a view to understanding interactions between the broadest aggregates such as national income and output, employment and inflation and broad aggregates like total consumption and investment spending and their components.

Answer 3

Microeconomics takes a close up view on one product or one industry. (Think of it as under a microscope) Lots of it is supply and demand theory.

Macroeconomics takes a wide angle view of the economy as a whole, usually for a nation or internationally. Lots of it is what can change economics trends with the government as the usual source of the change.

Answer 4

macro economics is larger it talks more of the country as a whole while micro is more about a part of a larger picture like unemployment in united states vs unemployment in california ,like the stock market position vs nasdaq stock

Answer 5

PLEASE READ ANY GOOD ECONOMICS BOOK