Microeconomics deals with operation of the overall economy such as consumption, investment, and government spending.

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Microeconomics focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. It deals with the decision-making process of individuals and firms, and how these decisions interact to form the basis of supply and demand. Macroeconomics, on the other hand, deals with the overall economy, including consumption, investment, and government spending.

Microeconomics Deals with Operation of the Overall Economy Such as Consumption