How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Jane T (LLC) Your Own Question
Jane T (LLC)
Jane T (LLC), Attorney
Category: Business Law
Satisfied Customers: 8435
Experience:  Worked in corporation's law department; business formations, formalities, and other business matters
2911261
Type Your Business Law Question Here...
Jane T (LLC) is online now
A new question is answered every 9 seconds

DISTINGUISH BETWEEN MACRO-ECONOMICS AND MICRO ECONOMICS

Customer Question

DISTINGUISH BETWEEN MACRO-ECONOMICS AND MICRO ECONOMICS
Submitted: 8 years ago.
Category: Business Law
Expert:  Jane T (LLC) replied 8 years ago.

DearCustomer

 

Macroeconomics, as the word macro implies, is the study of supply and demand at the aggregate or society level and the factors that impact and affect the economy of a society, community, nation, or other group. Microeconomics is the study of individual or small group supply and demand factors. Microeconomics focuses on how individuals and small groups of individuals act or impact supply and demand and Macroeconomics focuses on how all individuals and all small groups combine to affect supply and demand.

 

 

 

 

Related Business Law Questions