Discuss the scope of macroeconomics?
Answers
Answer:
Macro-economics is the branch of economics which analyses the entire economy. It deals with the total employment, national income, national output, total investment, total consumption, total savings, general price level, interest rates, trade cycles, business fluctuations etc.
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Answer:
Macroeconomics:-
It is that branch of science which deals with the economy as a whole or in totality including the Macro factors. The hope of macroeconomics does not involve studying the individual units of an economy.
SCOPE of MACROECONOMICS:-
➥ Macroeconomics is an essential field of study for economists.
➥ Government, financial bodies and researchers analyze the general national issues and economic well being of a nation.
➥ It mainly covers the measure fundamentals which are macroeconomic theories and macroeconomic policies.
➥ The study of problems like unemployment in India or the general price level or the problem of balance of payment(BOP) is a part of the macroeconomic study because it relates to the economy as a whole.
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