Answer to Question #73908 in Microeconomics for GODWIN

Question

Difference between microsoft and macroeconomics end itself illustrations with examples

Answer 1

Macroeconomics is a section of economic theory that studies the interaction of systems as well as economics as a whole. All events are explored collectively and are not split into source elements. The range of issues that science studies - employment, economic growth and equilibrium, pricing and pricing policies, trade balance. The founder of the trend is John Keynes, an English scholar who once brought the United States from the Great Depression.
Microeconomics is a section of science that studies the work of economic agents: households, firms and states, as well as their interaction in the course of economic activity. The analysis is conducted at the level of concrete subjects, which allows solving the problems facing a particular legal or physical person. The key issues that are studied in microeconomics are consumer and producer problems, market equilibrium, economic efficiency, and much more.