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What is a simple way to understand and remember the difference between Micro and Macroeconomics?

Economics

What is a simple way to understand and remember the difference between Micro and Macroeconomics?

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  • Difference between microeconomics and macroeconomics can be known from their initial names.
  • As we know that the word "micro" means small, so, we can relate it to the study of economy on small scale, i.e., the study of individuals who comprise an economy.
  • On the other hand, the word macro means big/large and so we can relate it to the economy in the sense that one studies the behaviour of all the individuals as an aggregate.

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