“What is the difference between Micro and Macroecnomics?”
Micro economics is focused on the individual and firms.
Macroeconomics is focused on large-scale economies like countries and nations.
How do I remember it?
In my head I think of the name directly in both cases. “Microeconomics has the word Micro, so it must mean on a smaller level. Macro then means large, so it must mean on a larger scale.”
In most cases the meaning of the word can usually be found within itself; use this trick next time you stumble and can’t seem to remember the difference!
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