Get your answers by asking now. Trending Questions. Micro Economics: This is the branch of economics that studies the economy in units, e.g individual consumers, households and firms.It is concerned with the pattern and structure of individuals, firms and industries. Macroeconomics – branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. Branches of Economics Part 2 Macroeconomics – WHOLE From the Greek prefix makro meaning “large” and economics A branch of economics dealing with the performance, structure, behaviour and decision making of an economy as a whole rather than individual markets. This branch of economics is concerned about the level of production, the rate of unemployment as well as in the gross national product and others. Microeconomics is the economics that deals with the behavior of a specific segment such as the consumers, different business firms, the prices of products in the market and others. Still have questions? Branches of economics. These branches are both important in an economy. Therefore, it is classified into two branches, namely, microeconomics and macroeconomics. For instance, you are dealing with the prices of commodities … https://www.legit.ng/1134116-branches-economics-meanings.html branches of economics. Source(s): branches economics: https://shortly.im/qwuwx. Micro means small; therefore, microeconomics deals with individual businesses and organizations. Join. Branches of Economics: Economics is a wide subject that involves several concepts, which are difficult to be studied under a single discipline. Trending Questions. Country - No natural resources? Join Yahoo Answers and get 100 points today. BRANCHES OF ECONOMICS Economics is divided into two main branches that are microeconomics and macroeconomics. This includes national, regional and global economies. Branches of Economics. ; Microeconomics – branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Ask Question + 100. 5 answers. 0 0. It focuses on economic problems within individual entities in the economy.
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