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    Differences between microeconomics and macroeconomics

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    Discuss the differences between microeconomics and macroeconomics.

    © BrainMass Inc. brainmass.com June 3, 2020, 6:29 pm ad1c9bdddf
    https://brainmass.com/economics/unemployment/comparing-microeconomics-macroeconomics-62096

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    Microeconomics:

    Microeconomics is concerned with the market behavior, interaction between buyers and sellers and factors influencing their choices and decision making process of individuals, households and firms. It basically focuses on the supply and demand and determination of price and output in individual markets.

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    Solution Summary

    Differences between microeconomics and macroeconomics are discussed in the solution.

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