Which of the following terms is a part of micro economics or macro economics?
Global Poverty
Price of Commodity
Balance of payments
Profits of a firm
National Income
Answers
micro economics =price of commodity
Profit of a firm
And remaining are the part of macro economic .It study at national level issuse while in micro economic it study for a singal unit at individual level.
Price of Commodity
Microeconomics is the examination of decisions made by people and associations concerning the task of resources and expenses of work and items. The public authority picks the rule for charge charges. Microeconomics is based on the store that concludes the worth level in the economy.
Macroeconomics is a piece of monetary angle that depicts a critical picture. It explores the economy to a colossal degree, and a couple of issues of an economy are considered. The issues looked at by an economy and the headway that it makes are assessed by macroeconomics.