Maharashtra State BoardHSC Commerce 12th Board Exam
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Define 'Or' Explain the Following Concept. - Economics

Short Note

Define 'or' explain the following concept.

Lumping method

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Solution

Macroeconomics uses lumping method for the purpose of economic study. Under lumping method we study the general price level, and not prices of individual products.

Concept: Allocation of Resource and Economic Variable
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