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S.No. Microeconomics Macroeconomics 1. Microeconomics focuses on the choices made by individual consumers. Macroeconomics studies the economic progress …

S.No. Microeconomics Macroeconomics
1.Microeconomics focuses on the choices made by individual consumers.Macroeconomics studies the economic progress and steps taken by a nation.
2.It studies the particular market segment of the economy.It studies the whole economy, that covers several market segments.
3.It is applied to internal issues.It is applied to environmental and external issues.
4.Microeconomics firstly deals with individual income, output, price of goods, etc.Macroeconomics is the study of collection such as national output income, as well as general price levels.
5.It helps to point how equilibrium can be achieved at a small scale.It help to determine the equilibrium levels of employment and income of the nation.
6.It is useful to the government in framing economic policies  such as taxation policy.It helps in the formulation of Economic Policies.
7.Analyzes demand & supply of goods.Analyzes aggregate demamnd & aggregate supply.
8.The main components of microeconomics are as follows:
– Theory of Supply
– Theory of Demand
– Theory of Factor Price.
The main components of macroeconomics are as
follows :
– Theory of Distribution
– Theory of Income & Employment
– Theory of Monetary.
9.Examples of Microeconomics are :-
firms, industries.
Examples of Macroeconomics are :-
national output,
Overall Price-Level,
Aggregate Unemployment.

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Sourabh Deol

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