The questions that are relevant for the study of
Concept Introduction:
Microeconomics: It refers to the economy which deals with an individual unit. Its different variables are individual demand, individual supply, price determination of a product, consumer equilibrium and theory of demand. Main tools of microeconomics are demand and supply. Problem of resource allocation is the principle issue in microeconomics.
Macroeconomics: It refers to the economy which deals with the economy as a whole.
Its different variables are aggregate demand,
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