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Q. The term “Micro Economics” and “Macro Economics” was coined by–

  • (A) Alfred Marshal
  • (B) Ragner Nurkse
  • (C) Ragner Frisch
  • (D) J.M. Keynes
  • Correct Answer - Option(C)
  • Views: 4
  • Filed under category Economic
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Explanation by: Admin
The difference between micro and macro economics is simple. Microeconomics is the study of economics at an individual, group or company level. Macroeconomics, on the other hand, is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies.

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