Difference between Microeconomics and Macroeconomics:-Microeconomics:-
1) The tern "Micro" denotes small, so it deals with the behavior of individual unit.
2) It deals with individual output.
3) It studies the aggregates related to particular market or particular industries
4) It exmines how relative prices of products and factors are determined and how the resources are allocated on their basis.
5) It concerns with the development of particular industries and particular sectors.
6) Its objects it of studying the problems and policies concerning the optimum allocation the resources.
Macroeconomics:-
1) The 'macro' denotes large so it deals with the functioning of the economy as whole.
2) It concerns with aggregates of individual quantities, national income, general price level etc.
3) It studies aggregates related the entire economic sytem.
4) It concerns with the development of entire economic system as a whole.
5) It concerns with the development of entire economic system, which embraces all sectors.
6) Its objective is of studying the problems and policies relating employment and economic growth of resources.
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