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Que : 73. Write distinguish between micro economics and macro economics.
Answer:

BASIS

MICRO ECONOMICS

MACRO ECONOMICS

Meanig

study of the behaviour of individual units of an economy

study of the behaviour of aggregates of the economy as a whole

Tools

demand and supply

aggregate demand and aggregate supply

Objectives

to determine price of a commodity or factors of production.

to determine income and employment level of the economy

Other name

price theory

income and employment theory

Examples

individual income,individual output

national income, national output