Economics is divided into two main branches: microeconomics and macroeconomics.

• Microeconomics focuses on the decisions made by individuals and firms regarding the allocation of resources. It delves into price determination, supply and demand, and the behavior of consumers and businesses. Microeconomics seeks to understand how these choices impact the availability and pricing of goods and services.
• Macroeconomics, on the other hand, examines the economy as a whole. It deals with aggregate indicators such as national income, overall economic growth, and inflation. Macroeconomics aims to understand and manage the broader economic factors that influence the economy at a national or global level.

Both branches are essential and complementary. While microeconomics deals with individual and business decisions, macroeconomics looks at the larger economic picture. Together, they work towards improving the overall well-being of the population.