Advertisement Remove all ads

Do You Agree with the Following Statement? Give Reason. Macro-economics is Different from Micro-economics. - Economics

Answer in Brief

Do you agree with the following statement? Give reason.

Macro-Economics is different from Micro-Economics.

Advertisement Remove all ads

Solution

The above statement is correct. Macroeconomics is quite different from microeconomics. Macroeconomics is concerned with large sections of the economy or the economy as a whole. It is that branch of economics which deals with the economics activities by all the economic spheres, varying economic situations and economic problems of the economy as a whole. Microeconomics, on the other hand, studies only one individual consumer or one individual producer like the households, firms, consumers etc.

Concept: Difference Between Mirco Economic and Macro Economic
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 8 Introduction to Macro Economics
Exercise | Q 1.4 | Page 69
Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×