State with reasons whether you agree or disagree with the following st

1.	State with reasons whether you agree or disagree with the following statements:Macro economics is different from micro economics. OR Macro economics is wider than Micro economics. OR There is difference between micro economics and macro economics.
Answer» Yes, I agree with this statement. Micro economics is a study of a particular unit of an economy. On the other hand macro economics is the study of entire economy. Micro economics studies individual demand, individual supply, individual income, price determination of particular product, etc. On the other hand macro economics studies aggregate demand, aggregate supply, national income, etc. Micro economics follows partial equilibrium analysis and macro economics follows general equilibrium analysis. Micro economics uses slicing method for study of small unit and macro economics uses lumping method for study of large unit. Therefore, macro economics is different from micro economics.

State with reasons whether you agree or disagree with the following statements:Macro economics is different from micro economics. OR Macro economics is wider than Micro economics. OR There is difference between micro economics and macro economics.

Answer»

Yes, I agree with this statement.

Micro economics is a study of a particular unit of an economy. On the other hand macro economics is the study of entire economy.
Micro economics studies individual demand, individual supply, individual income, price determination of particular product, etc. On the other hand macro economics studies aggregate demand, aggregate supply, national income, etc.
Micro economics follows partial equilibrium analysis and macro economics follows general equilibrium analysis.
Micro economics uses slicing method for study of small unit and macro economics uses lumping method for study of large unit.
Therefore, macro economics is different from micro economics.