Modern economist divided the whole economics theories in two groups they are
1Microeconomics and2,Macroeconomics
Microeconomics:
it is a branch of economics which studies the small economic activities of a country,about the particular person ,family,society etc.
Macroeconomics:
it is a branch of economics which studies the whole economic activities of a country,it studies about the national income,total production,poverty level,price level,infalation,deflation etc.
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