Micro and macro economics

Micro economics

 Micro means a small part of a thing. micro economics thus deals with a small part of the national economy. It studies the economic actions and behaviour of individual units such as an individual consumer, individual producer or a firm etc.

Macro economics

Macro economics is  the branch of economics which analyses the entire economy. It deals with the total employment, national income, total consumption, total savings, general price level interest rates , inflation, trade cycles, business fluctuations etc. thus, macro economics is the study of aggregates.