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In this blog, we have explained what is Economics and Economics is divided into two parts namely Microeconomics and Macroeconomics.
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DIFFERENTIATE BETWEEN MICROECONOMICS AND MACROECONOMICS WWW.CALLTUTORS.COM
DIFFERENTIATE BETWEEN MICROECONOMICS AND MACROECONOMICS WEBSITE FOR HOMEWORK HELP AN INTRODUCTION In this blog, we are going to tell you what is economics and their two branches microeconomics, and macroeconomics and what is the difference between these two. This is a topic that is very important for the students of Economics to know about it.Both microeconomics and macroeconomics are branches of economics, so we first need to know what economics is. Both micro and macro help to explain economics in detail.
OVERVIEW OF ECONOMICS When you hear the word Economics, May comes to your mind that Economics means Stock Market, Investment, or any other thing which is related to money. Some parts of economics are related to finance, but let us tell you that economics is the most different and very interesting thing. So if we start with the Meaning of Economics, it starts with the word Scarcity. Scarcity means lack, our resources are limited and our wants are unlimited, so we cannot satisfy our every wants because our resources are limited.
ECONOMICS ASSIGNMENT HELP BRANCHES OF ECONOMICS MACROECONOMICS MICROECONOMICS ECONOMICS
MICROECONOMICS When we talk about microeconomics, the word micro is derived from the Greek word Mikros, which means small and individual. By its name, we know that this Whole does not explain economics, but rather its small unit or a unit. If we talk about the economic behavior of a person, then it will be called part of microeconomics.
MACROECONOMICS Macroeconomics is the study of the whole economy. It looks at ‘aggregate’ variables, such as aggregate demand, national output, and inflation. Now we are going to talk about macroeconomics when we study the economic behavior of the entire economy rather than one person. We are not studying this one person’s economic behavior and not their demand and supply, but we study the economic behavior of all the people in the entire economy, how their behavior as a whole Let’s talk about macroeconomics.
MEANING A BRIEF KNOWLEDGE OF KINEMATICS PHYSICS EQUATIONS • Microeconomics studies in a small and particular market in the economy. • Macroeconomics studies the whole economy that covers big areas of markets. DEALS WITH • Microeconomics deals with many issues like demand, supply, production, consumption, etc. • Macroeconomics deals with many issues like national income, fiscal policy, banking, inflation, and deflation, etc. DIFFERENCE BETWEEN MICROECONOMICS AND MACROECONOMICS DETERMINANT • In microeconomics, price is the main determinant. • In macroeconomics, income is the main determinant.
LIST OF SOME IMPORTANT PHYSICS TOPICS CONCLUSION In this blog, we have explained what is Economics and Economics is divided into two parts namely Microeconomics and Macroeconomics. We have explained both of these in detail and we have also learned the difference between these two in this blog. Differentiate between microeconomics and macroeconomics will be defined well.
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