Both of these approaches are interdependent. We can't say that one is more important than the other. Both of these approaches are essential in the study of economics and complement each other in economic analysis.
E.g: If we want to make a building, we will make individual floor effectively only if we have a whole picture of the building in mind
E.g: If we want to make a building, we will make individual floor effectively only if we have a whole picture of the building in mind
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