BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Little-picture microeconomics is concerned with how supply and demand interact in individual markets for goods and services. In macroeconomics, the subject is typically a nation-how all markets interact to generate big phenomena that economists call aggregate variables.

Detailed explanation-2: -Definition: Microeconomics is the study of individuals, households and firms’ behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.

Detailed explanation-3: -Definition: Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.

Detailed explanation-4: -Micro economics is also called as the Price theory. It studies the behavior of individual consumers, producers etc. It explains consumption, production, allocation and the pricing of goods. Was this answer helpful?

Detailed explanation-5: -Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy.