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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.

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What is the difference between macro and micro economics?

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What is the difference between macro and micro economics?

Related Economics A Level answers

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

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What is the Aggregate Demand in an economy?

Integrate the function f(x) = (1/6)*x^3 + 1/(3*x^2) with respect to x, between x = 1 and x = 3^(1/2), giving your answer in the form a + b*3^(1/2) where a and b are constants to be determined.

Integrate the function f(x) = (1/6)x^3 + 1/(3x^2) with respect to x, between x = 1 and x = 3^(1/2), giving your answer in the form a + b*3^(1/2) where a and b are constants to be determined.