Differences between Microeconomics and Macroeconomics,

 Differences between Microeconomics and Macroeco                                                                      Micro Economics:
1. Micro Economics studiesthe problems of individualeconomic units such as afirm, an industry, a consumeretc.
2. Micro Economic studies theproblems of pricedetermination, resourceallocation etc.
3. While formulatingeconomic theories, MicroEconomics assumes that otherthings remain constant.
4. The main determinant ofMicro Economics is price                                                                                                                                                                             Macro Economics:
1. Macro Economics studieseconomic problems relating toan economy viz., NationalIncome, Total Savings etc.
2. Macro Economics studiesthe problems of economicgrowth, employment andincome determination etc.
3. In Micro Economicseconomic variables aremutually inter-relatedindependently.
4. In Micro Economicseconomic variables aremutually inter-relatedindependently.