ECO-Microeconomics and macroeconomics, page no 32-33
Microeconomics is the branch of economics that deal with the behavior of decision takers within the economy, such as individuals, households and firms.
Examples of microeconomics:
Demand
Prices
Opportunity cost
Macroeconomics: Macroeconomics is the branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy.
Examples of macroeconomics:
Unemployment rate
GDP[ Gross domestic product]
national income
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