Microeconomics and Macroeconomics

 Economics is divided into two branches of microeconomics and macroeconomics

Microeconomics 

Is a branch of economics that studies the behaviour of the individual a modern house small and FM make decisions to allocate limited resources.
Mostly  takes place at a goods and services with being brought and the sold.
microeconomics examines how these decisions and behaviour affect the supply and demand for a goods and service. micro economics explains operating off you free enterprise economy where individual has freedom to take his or her own economic decisions.
It helps in fixing international trade and traffic rules causes of Dis equilibrium in BOP effects of factors deciding exchange rate.
assist customer to distinguish between a situation and income effect.
Microeconomics studies the problems of an individual economic unit.
while formulating economic theories micro economics assume that other things remains constant.

Macroeconomics 

Is a field of economics that studies the behaviour of economics economy as a whole and not just as a specific company but entire industry income.

this looks at economy wide phenomena such as gross national product and how it is affected by the changes in unemployment national income rate of growth and price level inflation.
It focuses on the aggregate changes in the  on economy such as growth rate gross domestic product and inflation.
Macro studies economic problems related to the economy national income total savings.

Macroeconomics studies the problems of economic growth employment income determinations.
It helps to understand the problems faced by the various countries and understand the functions of the economic system helps in formation of economic policies it helps in understanding the business cycles.
Macroeconomics a plays a vital role in analyse the GDP and economic growth of any nation.