BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Economics is divided into two categories: microeconomics and macroeconomics. Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments.

Detailed explanation-2: -False, there is a major difference between the macro and micro economics. Explanation: Micro economics deals with individual units whereas macro economics deals with whole or aggregate units of an economy.

Detailed explanation-3: -Microeconomic analysis offers insights into such disparate efforts as making business decisions or formulating public policies. Macroeconomics is more abstruse. It describes relationships among aggregates so big as to be hard to apprehend-such as national income, savings, and the overall price level.

Detailed explanation-4: -Other name of micro economics is price theory. The theory of price is a micro economic principle that uses the concept of supply and demand to determine the appropriate price point for a good or service.