Partial EquilibriumGeneral Equilibrium(a) Micro economics uses partial equilibrium analysis based on the assumption, other things remaining constant.(a) Macro economics uses general equilibrium. It is not based on any` assumption.(b) Partial equilibrium studies the equilibrium of a consumer, a firm, an industry or a market.(b) It deals with the equilibrium position of the economy as a whole.(c) It deals with one or two variables at a time. So it is a simple method. It is independent.(c) It deals with all the variables of the economic system simultaneously. So it is sophisticated. There is interdependence between variables.(d) Partial Equilibrium is regarded as a worm's eye-view.(d) General Equilibrium is a bird's eye-view.