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A report on the difference between Microeconomics and Macroeconomics

Question

You are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences. Please answer the following questions:

  • What are the main differences between microeconomics and macroeconomics?
  • Provide an example of a microeconomic and macroeconomic phenomenon.
  • Would you give an example of a microeconomic decision you’ve made at work or home?
  • What factors contributed to making that decision?
  • Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours?
  • In the end, what was the result of your decision?
  • Write out the text of your speech.

Summary

The question belongs to Economics and it is a report on the differences between macro and microeconomics. While macroeconomics is a study of the whole economy of a country and the global economy at large, microeconomics is a study about an industry or a firm operating in an industry. The solution explains this in further detail.

Total Word Count 548

 

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Comments

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    Monik


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    Cristina

    This solution is perfect ...thanks

  • HWA
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    Paul Brandon-Fritzius

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    tina Johnson

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  • HWA
    Giuseppe

    works fine.