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whar is the difference between Micro and Macro Economics does they affect the development of our country?​

Sagot :

Answer:

Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach. Macroeconomics takes a top-down approach and looks at the economy as a whole, trying to determine its course and nature.

Explanation:

yes (do u want an explanation why?)

Microeconomics is the study of how individuals and businesses make choices regarding the best use of limited resources. Its principles can be usefully applied to decision-making in everyday life for example, when you rent an apartment. Most people, after all, have a limited amount of time and money. They cannot buy or do everything they want, so they make calculated microeconomic decisions on how to use their limited resources to maximize personal satisfaction. Macroeconomics on the other hand directly impacts almost every area of life. They affect employment, government welfare, the availability of goods and services, the way nations interact with one another, the price of food in the shops almost everything.

Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach while, Macroeconomics takes a top-down approach and looks at the economy as a whole, trying to determine its course and nature.