Micro and Macro -Economics

The term microeconomics is derived from the Greek word mikros,meaning "small" and the term macroeconomics is derived from the Greek word macros,meaning "large".Thus microeconomics deals with the small individual units of the economy such as individual consumers,individual firms and small aggregates.On the other hand ,macroeconomics concerns itself with the analysis of the economy as a whole and its aggregates such as total national income and output,total employment,aggregate investment.
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