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Microeconomics is "the study of the operations of the components of a national economy, such as individual firms, households, and consumers." (http://dictionary.reference.com/browse/microeconomics)

Macroeconomics is "the study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors." (http://dictionary.reference.com/browse/microeconomics)

problem:

What is the difference between micro and macroeconomics and how does this relate to healthcare? (Please provide as much information as possible - at least 250 words for better understanding. Thank you.).

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