1. Macro economics helps to know different types of macro variables such as aggregate production and investment, aggregate demand etc. which are very much important for the business students to …

Micro economics deals with the behavior or small parts and units of economics and their functions. But micro economics has some limitations which are discussed below: 1. Consideration of unrealistic …

5. To analyze the consumers’ behavior: Rational consumer’s go to the market with a certain amount of money. They coordinate between the ups and downs of commodity prices and his …

Following are the subject matter of micro economics: 1. Individual economic activities: Micro economics deals with the economic activities of individual in a society. How to earn money and how …

Micro economics or macro economics are complementary to each other. There are differences between the scopes of micro economics and macro economics. In spite of it, these two branches of …

1. Definition: Micro economics means the discussion of small parts of economics. That means the branch of economics which deals with small parts, and then it is termed as micro …

The word Macro comes from the Greek word “Makros”. Macro means larger. Macro Economics discusses not about an individual or individual institution rather it discusses about the economy of a …

The word micro has been derived from Greek word “Micros” means small or little. Micro economics deals with the analysis of small individual units of economy such as buyers, sellers, …

Deductive Method: It is from generalized statement to a conclusion. Example: Man is mortal is a generalized statement. A. John is a man. Through deductive method we can conclude that …

There are some well remarketed differences between positive economics and normative economics which are discussed below: 1. Positive economics is the pure science regarding what is happening. On the other …