Microeconomics and Macroeconomics?
Could you show me an article that illustrates microeconomics and one that shows macroeconomics? Preferably from the BBC website, it would be much appreciated, because it is so confusing... If not, can you explain the difference between the two? Thank you
I suggest you try Wikipedia, I think this would be a good internet source to give good understanding between differences
Microeconomics focuses on independent, individual variables within the economy.
Macroeconomics focuses on national or global trends within the market, often focusing on big banks.
Microeconomics is focused on the Economic Actor(s)... which is just a fancy term for the people and firms in the economy. Macroeconomics is the aggregate of these factors. When you think about Microeconomics think supply vs demand. When you think about Macroeconomics think Gross Domestic Product