“A macroeconomic lens studies a single household budget.”
Confusables Entry 1067 / 1350 60-second read
Macro- vs. Micro-
Large or broad versus small or detailed.
The comparisoni
“A microeconomic lens studies a single household budget.”
The ruleii
¶
MACRO- = large. MICRO- = small.
MACRO- (Greek makros) means large, broad, whole-system (macroeconomics, macrobiotic). MICRO- means small, detailed, single-unit (microeconomics, microscope).
Memory aidiii
Remember it like this
MAcro = MAssive. MIcro = mInute.