Difference between Microeconomics and Macroeconomics

This article will help you to learn about the difference between microeconomics and macroeconomics. Difference between Microeconomics and Macroeconomics It was the first Nobel Laureate economist Ranger Frisch who drew a distinction (in the year 1933) between the two major branches of econom­ics: microeconomics and macroeconomics. These two terms have by now been adopted by all economists. Microeconomics is the [...]