Question

What are examples of microeconomics and macroeconomics?

Answer 1

Microeconomics: Small Scope
Macroeconomics: Large Scope
More details below:

Explanation:

Microeconomics, as the prefix says, is a narrow scope of the economy. It deals with firms and how individuals make decisions.

Macroeconomics is large scale, hence macro-. It is concerned with the economy of nations, trade, and GDP, etc.

In short, microeconomics takes into account individuals, whereas macroeconomics takes into account the economy of a nation as a whole, and several other broad factors.

For supplementary information, please follow the below link:

hbswk.hbs.edu/item/a-macroeconomic-view-of-the-current-economy

Hope this helps!