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

Economics Dec 12, 2020

Expert Solution

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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