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Economics discipline can be broadly divided into two sections: microeconomics and macroeconomics.
Difference between Macroeconomics and Microeconomics:
Macroeconomics studies a nation or the world's economy as a whole, using data about inflation, unemployment and industrial production to understand the past and predict the future growth. Micro-economics explains how demand and supply affect prices, wages, rentals, and interest rates.
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Below is the curve of supply and demand which shows how price varies in microeconomics
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