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1 why macroeconomics is known as …

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1 why macroeconomics is known as income and employment theory? 2 why microeconomics is known as price theory?

Posted by Ankit Singh 5 years, 9 months ago

CBSE > Class 12 > Economics

1 answers

Ruchi Kumari 5 years, 9 months ago

Because macro economic is that part of economic theory which studies the aggregate unit of an economic as a whole. Income and employment theory is a whole theory of an economy. Micro economics is known as price theory because it is that part of economic theory which studies the individual unit of an economy.

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