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Microeconomics is the study of how households and firms make decisions, and how they interact in markets. It focuses on the behavior of individual economic agents and how they make decisions.
Macroeconomics, on the other hand, is the study of the economy as a whole. It looks at the overall level of production, employment, and prices in an economy, and how those variables are affected by monetary and fiscal policy.
There are two main branches of economics: microeconomics and macroeconomics. Take a look at the classifications and the important topics under each. You can contact us for expert economics assignment for any economics assignment topic or question.
Other branches of economics include international economics, which studies trade and investment between countries; development economics, which focuses on the economic development of low-income countries; and behavioral economics, which incorporates psychological insights into economic decision-making.
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