The fundamental difference in the size of research lies between micro and macro economics. In addition, more attention is given to price determination in microeconomics, while macroeconomics is concerned with deciding the income of the economy as a whole. However, microeconomics and macroeconomics, both aimed at improving the wellbeing of the population as a whole, are complementary to each other. The scope of economics is a wide-ranging topic and includes not only its subject matter, but also various other elements, such as its empirical nature, its ability to pass value judgments, and to offer solutions to practical problems.