Question

What is tree at the micro level may be a paradox at the macro level?

Answer 1

Answer:

What is true at micro level may not be true at the marco level. This is the meaning of paradox.

Example:- Saving is virtue for an individual. If he saves more, he accumulates more wealth and therefore enhances his ability to earn more. But at the macro level, if everyone starts saving more, demand for goods and services may decline to the extend that there is no inducement to invest. Consequently, income and production level may reduce.

Hope it helps.....