On the website of the website Quora, you can find an answer to a question on the difference between macro and micro economics. It is quite a bit more complicated than what you may have heard. There are three different types of economics.
The first one that you need to understand is what is known as macroeconomics. This is the type that you will commonly see in movies, TV shows, and news programs. These types of economics treat the whole economy as one whole. For example, you might see the Federal Reserve in charge of the economy, they determine what interest rates in the country should have, how much of the money supply should increase, and everything else that affects the economy.
The second type of economics is what is called micro economics. This is a lot more complex and in some ways can be considered a form of science because it is looking at the economy from the perspective of the people. For example, when people get together to watch a movie, they use a movie guide or movie synopsis that is very micro level, they take the movie as if they were in the theater, and they are just as knowledgeable about the plot as if they were sitting in front of the screen.
The last type is called macroeconomics, and this is what you will find in textbooks for economics. These types of textbooks treat the economy just as any textbook would. The big difference with this type of economics is that they take things as a whole, and they view all of the economic variables as being equal.
In order to fully grasp the difference between micro and macro economics, it helps to understand what it means for the overall economy to be one or the other. Microeconomics is when everything is looked at as one whole. For example, when a movie is being made, the actors are paid as their performance increases. If they go on a run for three weeks straight, they get paid for that amount of time. Therefore, they have two hours of work for each hour of show time.
When you understand what macro and micro economics are, you will be able to see where there is a difference in how you view the economy. Knowing the difference between micro and macro economics can help you understand how your business works, as well as what affects the economy overall. Knowing the difference between these three types of economics can help you decide which type you want to pursue.