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

5050 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What is the perfect technique for reaching the top marks in the longer essay questions?


Explain a constraint to economic development and offer a policy prescription


What is market failure?


What drives inflation and why is it essential to modern economies?


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:

© 2025 by IXL Learning