Prepare a list of macroeconomic problems of indian economy needs and importance
Answers
Problems 1. Employment and Unemployment 2. Inflation:3. The Trade Cycle 4. Stagflation:5. Economic Growtth
IMPORTANCE
1.Helps in understanding of the complex functioning of a complex modern economic system 2.It helps in achieving higher level of growth, employment and GDP. 3.It analyses the forces that determine economics growth of a country. 4.Brings stability in price level and in understanding the market fluctuations. 5.It also suggests policy measures to control inflation and deflation.6.It explains factors affecting balance of payments. 7.Helps in solving economic problems of poverty, inflation, deflation, unemployment etc. 8.A better understanding of Macroeconomics will help in formulating correct economic policies for a nation and coordinating with International economic policies.