120k views
3 votes
Which is broader in scope?
a. Microeconomics.
b. Macroeconomics.

User Aparichith
by
8.5k points

1 Answer

6 votes

Final answer:

Macroeconomics is broader in scope compared to microeconomics, as it deals with the economy as a whole, including large-scale issues and national policies.

Step-by-step explanation:

Microeconomics vs. Macroeconomics

When comparing microeconomics and macroeconomics, it's important to understand the scope each one covers. Microeconomics focuses on the actions and interactions of individual agents, such as households, workers, and businesses, within specific markets. In contrast, macroeconomics is broader in scope as it examines the economy as a whole, dealing with large-scale economic issues like growth in production, unemployment rates, inflation, and national monetary and fiscal policy. Therefore, macroeconomics addresses a wider range of social goals and economic policies that affect the entire country or region.

User Matthew Iselin
by
7.1k points