Macro vs. Micro
What Is Their Main Difference?
These two are only similar in that they refer to the size. 'Macro' means 'big and large', whereas, 'micro' refers to 'very small and minute details'.
Differences
As mentioned above, 'macro' refers to something large whereas, 'micro' is something extremely tiny. Look at the examples below:
Is it a macrowave or a microwave?
Does Macroeconomics focus on details and individuals?
Similarities
They are only similar in that they both refer to the size of something. Look at the examples below:
A microcosm usually includes details of a larger community.
A businessman/woman must know the differences between macroeconomics and microeconomics.
Are They Interchangeable?
Since they are opposites, they can never be used interchangeably. The whole sentence will have an opposite meaning. Compare:
✓ Microeconomics deals with individuals and how they react to changes in the market.
X Macroeconomics deals with individuals and how they react to changes in the market.
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