Is called textile industries subject matter of microeconomics or macroeconomics
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Macroeconomics :
The branch of economics concerned with large scale or general economic factors such as interest rates and national productivity.
Microeconomics :
The branch of economics studying the behavior of individuals and firms in making decisions regarding allocation of scarce resources and interaction between them.
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Textile industries lie in microeconomics.
The branch of economics concerned with large scale or general economic factors such as interest rates and national productivity.
Microeconomics :
The branch of economics studying the behavior of individuals and firms in making decisions regarding allocation of scarce resources and interaction between them.
ANSWER
Textile industries lie in microeconomics.
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Explanation:
Macroeconomics :
The branch of economics concerned with large scale or general economic factors such as interest rates and national productivity.
Microeconomics :
The branch of economics studying the behavior of individuals and firms in making decisions regarding allocation of scarce resources and interaction between them.
ANSWER
Textile industries lie in microeconomics.
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