Difference between Macroeconomics and Microeconomics with its comparison

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In this article we will discuss about Economy and its types, Macroeconomic and Microeconomics and also discuss about Difference between Macroeconomics and Microeconomics with its comparison.



Economics


In general we say that , Economics is a branch where analysis of  production , distribution and consumption of goods and services.



Economics is a study of man in the ordinary business of life. It enquirers how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man.  There are two types of economics which we discuss below that is Macroeconomics and Microeconomics.

Difference between Macroeconomics and Microeconomics  with comparison


Macroeconomics




Macroeconomics refers to that economy in which we will study about whole economy. Macroeconomics has larger scope and we will study aggregates variables of economy.  It helps to study of economy behavior. Aggregate economics like Economic growth, national income, and different price levels.

Microeconomics




Microeconomics refers to that economic in which generally we will study economics as an individual and individual’s decisions of business and allocations of resources and goods and services.  It generally focuses on supply and demand and other forces which determine price level.

Difference between Macroeconomics and Microeconomics 




Basis for difference



Macroeconomics



Microeconomics




Meaning


Macroeconomics refers to that economy in which we will study about whole economy.


In microeconomics we will study about single economy or Individual economy.


Studied about


Whole economy


Single economy


Scope


It has larger scope because we will study about aggregate variables of economy.


It has less scope then macroeconomics because only single economic variables are studied.


Issues Involved



External issue


Internal issue


Importance


Maintains stability in the general price level and solve economic problems.


It helps to determine the prices of a product along with the prices of factors of production.
ExamplesAggregate demands, National income, etc.

Individual Demand, Price of a product, etc.


So we have discussed the Difference between Macroeconomics and Microeconomics with its comparison chart. If you have any query please let us know in the comments section below.





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Difference between Public Company and Private Company with their Comparison

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In this article we will discuss about Private Company and Public Company and also discuss about difference between Public company and Private Company with their comparison chart.




Concept of Public and Private Company


Public Company



Public company refers to that company which is owned and traded publicly.  In public company minimum requirement of members are seven and maximum members required are unlimited. The paid up capital of public companies are 5 Lakh and the name of public company is ended with “limited”.



Public company can form its business after getting certificate of commencement of business and there is no restriction on transfer of shares.

Private Company


Private companies are those companies which is owned and traded privately. The minimum members required are two and maximum numbers are members are fifty. The paid up capital of private company is 2 lakh. But in case of private company the word limited used at the end of the name of the company.



Private company commenced its business after incorporation of business and there is restriction on company to transfer its shares from one to another.

Difference between Public Company and Private Company







Basis for Comparison


Public company


Private Company


Meaning


Public company is that company which is owned and traded by public.


Private company is that which is owned and traded privately.


No of maximum members


Unlimited members


50


No of minimum members


7


2


Paid up Capital


5 Lakh


     1 Lakh


Transfer of shares


Not Restricted


   Restricted


Members for AGM


Members to be present in AGM are 5


Members to be present in AGM are 2


Issue of prospectus


 Free to issue


Prohibited



So we have discussed the Difference between Public company and Private Company with its comparison chart. If you have any query please let us know in the comments section below.




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Concept of Partnership Deed : Meaning, Features or characteristics and its Contents

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In this article we will discuss about concept of partnership deed which is an written document and every organization have to maintain it because it contain rules, duties and obligations. Also study its features and contents of partnership deed.


Difference between Memorandum of Association and Article of Association

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In this article we will discuss about Memorandum of association and Article of Association and also discuss Difference between Memorandum of Association and Article of Association .



Memorandum of Association

Concept of Partnership its meaning features advantages and disadvantages

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In this article we will discuss about Concept of Partnership its meaning features advantages and disadvantages. Also study about its importance and why partnership is profitable.

Meaning of Partnership



The word partnership means an association in which two or more persons are agreed to form business by sharing their profits and sharing of losses.

Difference between Capital Market and Money Market with its comparison chart

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In this article we will discuss about Capital Market and Money Market, Also discuss about their difference and comparison chart Capital and Money Market. we will study Difference between Capital Market and Money Market with its comparison chart.

Concept of Joint Hindu Family Business : Meaning, Features, Merits and Demerits

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Business refers to an organization in which goods and services are manufactured and helps in sale and exchange of goods and services. Whenever we have to start a business, we will discuss about what kind of business is profitable whether it is . So in this article we will discuss the Concept of Joint Hindu Family Business. Also we'll study its meaning , Features, merits and Demerits.

Concept of Sole proprietorship : Meaning, Features or characteristics,Merit and Demerits

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Business refers to an organization in which goods and services are manufactured and helps in sale and exchange of goods and services. Whenever we started business we will discuss about what kind of business is profitable whether it is . So in this article we will discuss Concept of Sole proprietorship its meaning , Features, merits and Demerits.   

Concept of Management: As an Art, Science and As a Profession

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In this article we will discuss the concept of management as an Art, as Science and As Profession because many of the authors said that management is a science because it is well tested, some said it is an art because more practices are required and some said management as a profession because it provides platform of employees and its motive is to provide services.

Nature and Significance of Management with its Features, Importance and Function

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nIn this article we will discuss about management, Nature and Significance of Management ,its features or characteristics, Importance and its distinguish functions.  Also discuss about effectiveness and efficiency and its important.

Concept of Business, Profession and Employment and its different definitions

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In this article we will discuss about Concept of Business, Profession and Employment and its different definitions by different authors and its features or characteristics.  We also discuss difference between them and its comparison chart.

Business, Profession and Employment

Concept of business : Meaning, Definitions, Features or characteristics, and Importance

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In this Article we will discuss about Business, What it is and why its is important in social or economic and how it develop economy. We also discuss its features or characteristics and its importance with explanation. Concept of business : Meaning, Definitions, Features or characteristics, and Importance.

Staffing Meaning, Features, Importance and Process

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In this article we will discuss about Staffing Meaning, Features,Importance and Process and why staffing is important to organisation. The success of any organisation does not depend upon the financial resources but the using of manpower . so in staffing organisation select best manpower for organisation.

Concept of Supply : Introduction, Definitions, Determinants, Law of supply with diagram and assumptions

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In this Article we will discuss about Concept of Supply : Introduction, Definitions, Determinants, Law of supply with diagram and assumptions. We also discuss that why supply is important and study about positive or direct relationship between price and supply in the market.

Concept of Communication : Meaning, Definitions, Types,Process ,Advantages, Disadvantages and barriers of Communication

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In this Article we will discuss about Concept of Communication : Meaning, Definitions, Types,Process , Advantages, Disadvantages and barriers of Communication. We will also study its types and process of communication, its barriers.

Concept of MARKET : Meaning, Definitions, Classification or Types ofMarket and Importance of Market

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In this article we will discuss about market, its types or its classification. We will also study Concept of MARKET : Meaning, Definitions, Classification or Types of Market and Importance of Market with advantages and disadvantages.