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What is the difference between MicroEconomics and MacroEconomics?

Micro Economics vs Macro Economics

Macro Economics is about the wider picture of the world, how is the global economy or a country's economy run?

A country's demand and supply, Balance of payments (BOP), GDP, economies of scale at a country level, fiscal and monetary policies, interest rates, foreign exchange rates and lots more.

Micro Economics is about businesses inside a country.

How does a business cope with change in demand and supply at a local level, economies of scale for firms, fixed cost and variable cost and more.

Micro economics vs Macro economics

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