Question

Explain with reasons whether you agree or disagree with following statements.
Macro Economics is individualistic.

Answer 1

I would disagree with the statement because the statement is wrong. It is micro economics that is individualistic and not macroeconomics. Microeconomics is individualistic for the reason that it studies the individual units of the country, like household or a firm. It aims to determine the demand and supply of these individual units and hence is individualistic.