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Remark
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Micro
economics
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Macro
economics
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1.Definition
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The branch of economics which deals with small unit of money system
like- a consumer, a production institution etc. called micro economics.
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The branch of economics which deals whole site as total consume cost,
national income etc. called macroeconomics.
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2.Meaning
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Micro means very small
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Macro means large or whole
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3.Origin
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The word micro comes from “Mikros”
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The word macro comes from “Makros”
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4.Discussion
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It discusses the small side of economics
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It discusses large side of economics
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5.Relation of variables
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The micro economical variables are related with units of money system
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The macro economical variables are related with all money system
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6.Equilibrium
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It analyzes half equilibrium
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It analyzes the whole equilibrium
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7.Supporters
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Classical and new classical economists
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Modern economist
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Monday, September 26, 2016
Micro economics VS Macro economics
