4. In the lecture how are the two (micro an macro) compared in terms of governments?...

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4. In the lecture how are the two (micro an macro) compared in terms of governments?...

4. In the lecture how are the two (micro an macro) compared in terms of governments?

opentextbc.ca/principlesofeconomics/chapter/1-2-microeconomics-and-macroeconomics/

business economics

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Answer 1

Answer #1

Microeconomics studies about the individual or the decision of business. But on the other hand, while macroeconomics sees the decision which is taken by the government like national income etc .

Microeconomics looks after the supply and demand which are made by the government of a state or country and other that is macroeconomic detects the price level of the government product while using an approach that is a bottom-up strategy.

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Answer 2

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4. In the lecture how are the two (micro an macro) compared in terms of governments?...

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