What is the difference between macro and micro economics?

Macro economics is the larger picture, how the economy works for the whole country or region. Micro economics examines how things work in a smaller level, examining one industry, business or group of invidividuals and how limited resources are allocated.

AH
Answered by Anne H. Economics tutor

5396 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What is price elasticity of demand?


What is the difference between Microeconomics and Macroeconomics?


What is a Merit good? Give and example and explain..


What is the effect on price and quantity on flight tickets when the oil price has increased.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning