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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.

Anne H. A Level Economics tutor, A Level History tutor, GCSE History ...

2 years ago

Answered by Anne, an A Level Economics tutor with MyTutor


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Oscar A.

Degree: Politics, Philosophy and Economics (Bachelors) - Oxford, Balliol College University

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Degree: BSc. (Hons) Philosophy, Politics and Economics with Study Abroad (Bachelors) - Warwick University

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Anne H.

Degree: History (Bachelors) - Durham University

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English
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“Hi, my name is Anne and I'm a second year at Durham university specializing in economic history.”

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