Saturday, September 1, 2007

Microeconomics vs Macroeconomics

When comes to Economics, we always have Microeconomics and Macroeconomics. What is the difference between the micro and macro of economics ?

Microeconomics deals with the supply and demand in a small and specific situation. It looks into the supply and demand among individual, companies or factories.

Macroeconomics looks into the big picture of the economy of entire country, region or world.