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'Macraeconomic is the study of aggregate …

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'Macraeconomic is the study of aggregate while micraeconomic is not' comment .plzz sir

    • Posted by Oki Pertin 5 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 5 years, 1 month ago

    • The term ‘Macro’ means large. So Macroeconomics is that part of economics which studies the economic problems and issue that are on a large scale. It studies about the performance of the economy as a whole and not of any individual firm or business. It focuses on the study of problems like inflation, unemployment, poverty, etc. It takes into account aggregate demand and aggregate supply.  
    • While in microeconomics, aggregation is at an individual household, individual industry or an individual market but on the other hand in macroeconomics aggregation is done at the level of an economy as a whole.

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