is the study of cotton textile industries a macro or a micro economic study
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41
It's macro economic study. micro economy studies behavior of a particular firm where as macro economy studies about the industry where industry means summation of all individual firms of the economy.
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17
Explanation:
The study of cotton textile industries is a macroeconomics study.
Macro Economics is the branch of economic analysis in which the set of analyzes is done in the context of complete economics. All economical actions in macroeconomics are fully studied.
The national income, production, employment/unemployment, business cycle, general price level, currency contraction, economic development, international trade, etc., are its economic activities which are analyzed under it.
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