Microeconomics and Macroeconomics

Microeconomics and Macroeconomics are two fundamental branches of economics that analyze different aspects of economic behavior. Microeconomics focuses on the individual and business level, examining how consumers and firms make decisions about resource allocation and pricing within specific markets. In contrast, Macroeconomics takes a broader perspective, studying national and global economies, including topics like inflation, unemployment, and economic growth. Together, these fields provide a comprehensive understanding of how economic systems operate, allowing for informed decision-making and policy formulation in both business and governmental contexts.