Micro Economics Macro Economics

Microeconomics is the study of specific individual units; particular firms, particular households, individual prices, wages, individual industries particular commodities

Macroeconomics deals with total or big aggregates such as national income, output and employment, total consumption, aggregate saving and aggregate investment and the general level of prices

Microeconomics is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services

Macroeconomics, on the other hand, is the field of economics that studies the behavior of the economy as a whole and not just on specific companies, but entire industries and economies

This means also taking into account taxes and regulations created by governments. Microeconomics focuses on supply and demand and other forces that determine the price levels seen in the economy.

This looks at economy-wide phenomena, such as Gross National Product (GDP) and how it is affected by changes in unemployment, national income, rate of growth, and price levels.

For example, microeconomics would look at how a specific company could maximize it's production and capacity so it could lower prices and better compete in its industry.

For example, macroeconomics would look at how an increase/decrease in net exports would affect a nation's capital account or how GDP would be affected by unemployment rate

.Microeconomics focuses on the market’s supply and demand factors, and determines the economic price levels.

Macroeconomics is a vast field, which concentrates on two major areas, increasing economic growth and changes in the national income

Microeconomics facilitates decision making for smaller business sectors

Macroeconomics focuses on unemployment rates, GDP and price indices, of larger industries and entire economies.

1. This term is used to refer to companies in which the government (either the federal Union Government or the many state or territorial governments, or both) own a majority (51 percent or more) of the company equity.A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly-owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner governmentSales Price Decided by the Govt of india i.r Central Govtment of public sector undertaking

2. The prices notified by the Central Government from time to time have been much lower than the cost of production. In order to compensate the manufacturers for lower realisation in the

form of statutorily notified sale prices as compared to their retention prices (normative cost of production plus 12% post tax return on net-worth) fixed by the Government, the difference between the retention price of the individual units and their net realisation through their sale price is paid as subsidy by the Central Government to the individual urea manufacturing units under the Retention Price-cum-Subsidy Scheme (RPS)

3. price control", a mechanism widely prevalent in india to ensure that prices are not excessive. Means Govt Will intervene and decide the price of the product like sugar and fertilizers for agriculture

4. Profit is not the first aim when deciding the price. Social Benefit of the consumer is the first aim.

5. In Cooperative society members are provided with better good and services at reasonable prices. The society also provides financial help to its members < the concessional rates. It assists in setting up production units and marketing of produces c small business houses so also small farmers for their agricultural products.