| Partial Equilibrium | General 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. |