03 Jun Microeconomics is “the study of the operations of the components
Question
<pclass=”msonormal” style=”box-sizing: border-box;”>Microeconomics vs Macroeconomics
Microeconomics is “the study of the operations of the components of a national economy, such as individual firms, households, and consumers.” (http://dictionary.reference.com/browse/microeconomics)
Macroeconomics is “the study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.” (http://dictionary.reference.com/browse/microeconomics)
QUESTION:
What is the difference between micro and macroeconomics and how does this relate to healthcare? (Please provide as much information as possible – at least 250 words for better understanding. Thank you.).
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