6 Differences in Micro and Macroeconomics (Table Format)
Economics is a social science that studies human activities in the production, distribution, trade, and consumption of goods and services. Economics consists of two branches, namely microeconomics and macroeconomics. Microeconomics is the study of the behavior of each individual or economic agent. While macroeconomics is the study of the behavior of a group of economic agents as a whole. Here are the differences between micro and macro economics in tabular form.
| Seen from | Microeconomics | Macro economics |
| Scope | The behavior of each economic actor | Overall behavior of the economy |
| Main topic | How individuals and companies deal with an economic condition | Unemployment, inflation, national income, etc |
| Production | Production results of a company | National output (Gross Domestic Income/GDP) and GDP growth |
| Price | Prices of certain goods and services | Overall price level |
| Income | Distribution of income and wealth | National income |
| Labor | Workers in a company | Number of workers and unemployment rate |
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ReplyDeleteBased on the above article, it can be concluded that macroeconomics is a science that focuses on the economy as a whole and in total which includes the calculation of national income, inflation theory, money markets and labor markets. While microeconomics is the study of individual economic units that includes Demand, supply, price and consumer behavior.
ReplyDeleteWhat I got from the article above is that macroeconomics is a science that focuses on the economy as a whole and in total. While microeconomics is about each individual economic unit.
ReplyDeleteFrom the article above, can provide new knowledge about the economy. from there we can see the difference between macro and micro economics. we can also know the difference from several aspects such as scope, main topic, production output, price, income, and number of workers
ReplyDeleteFrom this article, we can know that economics is divided into two, namely macroeconomics and microeconomics. Can ensure the difference between the two, namely macroeconomics is economics that studies the working mechanism of the economy as a whole microeconomic is economics that studies the working mechanism of each economic actor
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