Question

Why is the study of the problem of unemployment in india considered as microeconomics study?

Answer 1

It is considered a Macroeconomics study because the problem of unemployment in India is an economic issue at the level of an economy as a whole.

Answer 2

Answer:

Unemployment in India has an intersectional effect i.e. it affects various sectors at the same time. Also, it is an economic issue that effects India as a whole. Unlike Microeconomics, Macroeconomics studies the behaviour, problems and economic situation of all the involved persons at a time. Thus, study of unemployment is India is considered as a macroeconomics study.

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