Macro Economics: The study of the economy as a whole.
Micro Economics: The study of individual markets and decisions makers.
For example, in micro economics we study what factors determine demand in a particular market like ice cream. In macro economics, we study what factors determine aggregate demand - the sum of demand for all goods and services.
Showing posts with label Macro Economcis. Show all posts
Showing posts with label Macro Economcis. Show all posts
Thursday, September 23, 2010
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