The study of economics is frequently divided into two categories:

(1) macroeconomics

and

(2) microeconomics.


Macroeconomics


Microeconomics


"Can't see the forest for the trees" is an idiom used to describe "someone who is too involved in the details of a problem to look at the situation as a whole." (Hirsch, Jr., E.D., Joseph F. Kett, and James Trefil. Dictionary of Cultural Literacy. Boston: Houghton Mifflin, 1988.)

In this analogy, macroeconomics is looking at the entire forest. Micro economics is examining the individual trees.


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