Macroeconomics is the study of how households maximise their satisfaction and firms allocate resources to maximise profits.

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Macroeconomics is the study of the overall performance and behaviour of the economy, including topics such as inflation, unemployment, production, and economic growth. It focuses on the aggregate economy rather than individual households and firms. Microeconomics, on the other hand, studies the decision-making processes of households and firms in allocating scarce resources.

Macroeconomics Is the Study of How Households Maximise Their Satisfaction