What do you mean by Macro Economics?
Macro Economics is the study of
collective data of our economics. In macro economics, we analysis data as a
whole like – total employment, national income, GDP, total consumption, total
demand and supply etc. macro economic analysis economics as a units, also
analysis the inter relationship of different sub-units in a economics.
In macro economics, we not discuss
on a single units but treats whole economic as a single units. It draws a big
picture of the economics and also draw inter relationship of different
sub-units. It covers all the issue or problems of an economy and also tries to
find out a correlation with others.
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| A study about Macro Economics |
Importance of Macro Economics
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In
macro economics, we understand the macro variables so it help us to understand
the economic in a broad way like total employment, total income, GDP, total
demand & supply and so on.
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Micro
economic work as a whole. These things help us to form the policy for different
sub-units or area like total income in different sector, monetary policy,
business cycles and so on.
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Micro
economic help us to understand the individual behaviour also, if we add all
individual demand it become total demand of an economic and this help us to
form a policies for whole.
