Distinguish between microeconomics and macroeconomics.

Answer

Basis of difference	Micro Economics	Macro Economics
Meaning	Microeconomics is the study of economics at an individual, group or company level.	Macroeconomics, on the other hand, is the study of a national economy as a whole.
Focus	Microeconomics focuses on issues that affect individuals and companies. This could mean studying the supply and demand for a specific product, the production that an individual or business is capable of, or the effects of regulations on a business.	Macroeconomics focuses on issues that affect the economy as a whole. Some of the most common focuses of macroeconomics include unemployment rates, the gross domestic product of an economy, and the effects of exports and imports.
Example	An example of a microeconomic issue could be the effects of raising wages within a business.	where as in macroeconomics, a common issue is the effects of certain policies on the national or regional economy.