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Macroeconomics is the study of aggregates while microeconomics is not .Comment |
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Answer» It is wrong that there is no aggregation in microeconomics, in microeconomics that we study the concepts of Market demand which is aggregate of individual demand for a commodity. However the difference lies in the degree of aggregation. While in microeconomics, aggregation is at an individual household, individual industry or an individual market but on the other hand in macroeconomics aggregation is done at the level of an economy as a whole. |
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