Do you agree with the following statements? Give reasons. 4) Macro-Economics is different from Micro-Economics.

Do you agree with the following statements? Give reasons.

4) Macro-Economics is different from Micro-Economics.

ANSWER:

The above statement is correct. Macroeconomics is quite different from microeconomics. Macroeconomics is concerned with large sections of the economy or the economy as a whole. It is that branch of economics which deals with the economics activities by all the economic spheres, varying economic situations and economic problems of the economy as a whole. Microeconomics, on the other hand, studies only one individual consumer or one individual producer like the households, firms, consumers etc.

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