Treating the two as competing phenomena is a disservice to what economics as a whole tries to achieve. Stronger economies are those that make use of the contributions of one facet in the other from similarities of microeconomics and macroeconomics. However, these differences should never close our eyes to the interdependency that exists between these two facets. This social science is divided into two facets which show differences and similarities of micro and macro environmentand we looked at how these are different from each other. What is the similarities of micro and macro environment? In the previous article we ascertained the definition of economics as a whole, where we discovered it is a social science that is concerned with production, distribution and consumption of products and services, now we dive into similarities of microeconomics and macroeconomics environment. Both directly deal with companies whether big or small. Both micro-economics and macro-economics are affected by national budgets. Tools used in macro-economics determine the micro-economic components Macro-economic goals are translated in the variables of micro-economics Concerns under micro-economics respond directly to taxes. Micro-economic components are used to forecast the future of macro-economics Certain phenomena exist in both categories. 1.The two borrow principles from each other.What is the similarities of microeconomics and macroeconomics?.
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