Distinguish between microeconomics and macroeconomics. Give an example of showing the difference between microeconomics and macroeconomics.

Distinction between microeconomics and macroeconomics.
Simply put, microeconomics is the study of individual economic units of an economy such as individual households, individual firms or industries whereas macroeconomics is the study of an economy as a whole, i.e., study of broad economy-wide aggregates. For instance, when we study an individual car manufacturing firm (like Maruti), our study is micro analysis but if we study the entire car manufacturing sector of the economy, our analysis is macro analysis. Similarly, if we study production of a firm (or of an industry), our analysis is micro study but if we study problems of production of the whole economy, our analysis is macro study. The former (Micro) is like dealing with individual trees in the economic forest whereas the latter (Macro) is like analysing the economic forest. Still both microeconomics and macroeconomics are interdependent and complementary. However, the main differences between the two are as under:

Microeconomics		Macroeconomics
1.	It is study of individual economic units of an economy.	1.	It is study of the economy as a whole and its aggregates.
2.	It deals with individual income, individual prices and individual outputs, etc.	2.	It deals with aggregates like national income, general price level and national output, etc.
3.	Its central problem is price determination and allocation of resources.	3.	Its central problem is determination of level of income and employment.
4.	Its main tools are demand and supply of particular commodity/factor.	4.	Its main tools are aggregate demand and aggregate supply of the economy as a whole.
5.	It helps to solve the central problem of ‘what, how and for whom to produce’ in the economy.	5.	It helps to solve the central problem of ‘full employment of resources in the economy.’
6.	It discusses how equilibrium of a consumer, a producer or an industry is attained.	6.	It is concerned with the determination of equilibrium level of income and employment supply, inflation, unemployment, etc.
7.	Examples are: Individual income, individual savings, price determination of a commodity, individual firm's output, consumer’s equilibrium.	7.	Examples are: National income, national savings, general price level, aggregate demand, aggregate supply, inflation, unemployment, etc.

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or
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or
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Distinguish between microeconomics and macroeconomics. Give an example of showing the difference between microeconomics and macroeconomics.