Difference Between Microeconomics and Macroeconomics

A lot of confusion went into my mind when I came across these words and ultimately I found that these are just big shot child of the big shot daddy.   
Lot of concepts overlap these terms and there are concepts which make the difference. Ultimately these are son of economy (The Godfather) and define the properties and condition of their daddy. Let’s try to keep it simple.


Microeconomics is study of decision that people make running their business. Like for example—what should be cost of the product, how much profit they should make by selling the product, what should be the resource of raw material, where to invest, how to maximize the profit, or why to maximize/minimize the profit. When you ask all these questions to yourself by keeping the government tax regulation in your mind then you deal with the younger bro “Micro” and of course this includes the supply demand crap. So we can say this is nothing but a small introduction to the economics family. 


Now when we come to higher level than the elder one comes into play i.e Mr. “Macro”. 
Macroeconomics is the field of economics which tells/study the behavior of economy as a whole. It not only includes all the business but also includes employment, GDP, Inflation, Price level (in general), national Income, Import/export analysis, capital flow etc. These all are done at national level.


Well you can easily see Mr. Macro has the power the attorney.  The bottom line is “Micro” is the ground work analysis or we can say a bottom-top analysis and “Macro” is the top-bottom analysis.  But you have to understand both of them to be a part of this family.