Have you ever wondered what macroeconomics and microeconomics mean?
Macroeconomics looks at the big picture, focusing on the overall economy of a country. It studies things like national income, inflation, and unemployment to understand how government policies impact the economy as a whole.
In contrast, microeconomics examines individual parts of the economy, like businesses and consumers. It delves into topics such as supply and demand, pricing decisions, and how individual choices affect specific markets. Microeconomics helps us understand how individual decisions and behaviors contribute to the broader economic landscape.