There is an interesting relationship between macro and micro economics. This is not a new idea by any means, but in today's economic climate it has become more popular than ever.
Microeconomics is the study of how people and organizations function within the context of the economy. The micro view, as opposed to the macro view, is that things that happen on a micro scale are the same as things that happen on a macro scale because they involve the same concepts of the economic forces that are affecting the larger economy. For instance, let's look at a relationship between micro and macro economics.
In the macro-economic theory of the time, individuals have the power to create their own economic lives. This means that the individual has the power to set their own hours, work from home, and choose which industries they wish to work for. They also have the power to be self-employed. They have full control over how much they earn. However, they cannot control what happens to the money that they generate or how they spend it. If they did so, they would be working for themselves, which would mean that they would not have a job and would not be creating wealth.
Microeconomics, however, is the study of the relationships that exist between all of these elements and how they can affect the macroeconomic forces. For instance, a micro view may state that an individual cannot control the amount that they earn or how they spend that money, but the macro view may suggest otherwise. The macro economic theory will state that a person who does not work at all and only chooses to work a few hours per week is making themselves into a net negative to the entire economy. The macro view believes that individuals need to choose their own jobs, whether or not they want them and that they must also work hard to generate wealth.
The micro view takes a different approach to these problems. For instance, a micro view may suggest that when an individual decides to work at a job they should not only focus on the hours that the employer offers, but should also look at what skills and talents they have and how these skills and talents could contribute to the overall success of the business. A macro view will suggest that if an employee works hard and diligently, they will be able to use their skills to the advantage of the employer. In either case, the micro view will suggest that it is important to make sure that the business is profitable and therefore that the employees do not make themselves into losers by choosing jobs that do not suit them and that they can contribute positively to the overall success of the company.
This relationship between micro and macro economics is something that can benefit every company that is in the market. For example, a micro company may find that it is more profitable for them to run a manufacturing plant based out of an office than to run an actual manufacturing plant with its own factory. Likewise, a macro company may find that it is more profitable for them to run their manufacturing facility in a small city than to do so in an industrial city where the costs of the operation are significantly higher.