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28 Oct 2021

Introduction

Economics is broadly divided in two parts, microeconomics and macroeconomics. Microeconomics discusses the working of individual agents within the economy such as businesses, workers, and households. Whereas, macroeconomics describes the economy as a whole. It discusses broad issues such as the unemployement, inflation, deflation, production growth, imports and exports, and government deficits. Microeconomics and macroeconomics are not different subjects but instead complementary perspectives on the overall subject of the economy.

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