Philip T. answered • 05/06/19
Micro and Macro Economics made simple! Experienced Ivy League Tutor
Microeconomics is a social science subject that examines the behaviors of individual consumers, individual companies and individual markets to analyze how resources are allocated in the most efficient way.
Microfinance is an industry that specializes in the issuing of small loans to individuals, usually in developing countries, to help people invest in new businesses in order to improve prosperity as a way to reduce poverty. Many people do not have access to banks or have bank accounts so have challenges in acquiring capital to invest in growing businesses. Microfinance companies plug this gap
