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Welcome to OptionRally Academy, I'm Amy Anderson with the Term of the day.
Today we are going to talk about Macro-economics. Macr-oeconomics is a field in economics which
focuses on every aspect of the inner workings of the economy like employment, unemployment
rate, inflation, GDP, and economic growth.
Macro-economics focuses on the movement and trends in the economy as a whole, while in
micro-economics the focus is placed on factors that affect the decisions made by firms and
individuals.
The factors that are studied by macro and micro will often influence each other, for
example, the current level of unemployment in the economy as a whole can affect the supply
of workers which an oil company could hire from.
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