Section 6
Differences Between Macroeconomics and Microeconomics
Book
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Boundless Economics
Economics
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3 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/20152/raw/culation-in-macroeconomics.jpg)
Macroeconomics
Macroeconomics is the study of the performance, structure, behavior and decision-making of an economy as a whole.
![Thumbnail](../../../../../../figures.boundless-cdn.com/20302/raw/simple-supply-and-demand.jpg)
Microeconomics
Microeconomics deals with the economic interactions of a specific person, a single entity or a company; it is the study of markets.
![Thumbnail](../../../../../../figures.boundless-cdn.com/20153/square/adamsmith.jpeg)
Key Differences
Microeconomics focuses on individual markets, while macroeconomics focuses on whole economies.