Micro and Macro economics are related. In economics, you can study them individually or you can study both at the same time. Let me tell you a little about what they are so that you can understand them better.
A micro-economic is an economy where price is the only thing that influences production. So you see that a micro-economic is totally different than a macro one. The reason is that price affects production, but it doesn't affect every single product in the market.
In a micro-economic, there is no demand for anything. It's like the air we breathe. If we don't have enough air, we don't have enough stuff to live. Micro economies are very similar to that.
A macroeconomic is an economy where demand is the main factor in the production of a good. It is a lot different from the micro economies where production is all about price. In a macro-economy, the prices of every good are decided by the supply and demand of each.
If you want to find out more about what micro and macro economics are with examples, there are many books that explain what they are. Some of the examples include the theory of the elastic band curve. There are also many videos online that show you how to use these concepts to your advantage when you are working in the field of economics.
Micro and macro are very different from one another. If you need a refresher on this, then you will definitely want to check out these two examples. You can find a lot of information online for free if you just take some time and search around. You will be surprised how much you can learn about it through these examples.
Macroeconomics has a lot more to say about the way money and prices affect production. These are not the only examples of micro and macro that you should know about.
The next time you are planning on a vacation or if you just want to get a refresher, then you will want to look into both of these examples. You might want to take a refresher on micro and macro so that you can start taking advantage of what you have learned today.
Hopefully you got a few things about micro and macro. So next time you are looking for an example of these, then you will be able to understand this great topic better.