Difference between Microeconomics and Macroeconomics

Microeconomics	Macroeconomics
1.It studies economic relationships or economic problems at the level of an individual- an individual firm, an individual household or individual customer.	1.It studies economic relationships or economic problems at the level of the economy as a whole.
2.Concerned with individual economic units.	2.Concerned with the nation's economy, as well as its various aggregates.
3.Focuses on overcoming issues concerning the allocation of resources and price discrimination.	3.Focuses on upholding issues like unemployment and national household income.
4.Basically concerned with determination of output and price for an individual firm or industry.	4.Basically concerned with determination of aggregate output and general price level in the economy as a whole.
5.Account for factors like the demand and supply of a particular commodity.	5.Accounts for aggregate demand and supply of a nation's economy.
6.Study of Microeconomics assumes that macro variables remain constant.	6.Study of Macroeconomics assumes that microeconomic variables remain constant.
7.Focuses on issues relating to price variations and income levels.	7.Primary component of Macroeconomic problems is income.
8.Microeconomics studies the particular market segment of the economy.	8.Macroeconomics studies the whole economy, that covers several market segments
9.It is applied to internal issues.	9.It is applied to environmental and external issues.
10.It is based on impractical presuppositions, i.e., in microeconomics, it is presumed that there is full employment in the community, which is not at all feasible.	10.It has been scrutinized that the misconception of composition’ incorporates', which sometimes fails to prove accurate because it is feasible that what is true for aggregate (comprehensive) may not be true for individuals as well.