Maharashtra State BoardHSC Arts 12th Board Exam
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Give Reasons Or Explain the Following Statement: Macro Economics is Comprehensive in Nature. - Economics

Give reasons or explain the following statement: 

Macro economics is comprehensive in nature. 

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Solution

Macroeconomics studies about how an economy as a whole operates. It focuses on the aggregate measures such as, Aggregate Demand, Aggregate Supply, Aggregate Price Level, etc. It studies how these variables are determined and how they change over time. It helps us in understanding various economic relationships and economic problems at the economy or aggregate level. Thus, it is comprehensive in nature.

Concept: Allocation of Resource and Economic Variable
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