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    Micro/Macro Economics

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    How would you discuss the difference between Micro and Macroeconomics?

    © BrainMass Inc. brainmass.com June 3, 2020, 11:06 pm ad1c9bdddf
    https://brainmass.com/business/organizational-economics/differences-between-micro-macroeconomics-263271

    Solution Preview

    "Macro- and microeconomics, and their wide array of underlying concepts, have been the subject of a great deal of writings. The field of study is vast; here is a brief summary of what each covers:

    Microeconomics is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations created by governments. Microeconomics focuses on supply and demand and other forces that determine the price levels seen in the economy. For example, microeconomics would look at how a specific company could maximize it's ...

    Solution Summary

    The solution provides an indepth discussion about the differences between mico and macro.

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