1
Question
Explain with reasons whether you agree or disagree with following statements.
Macroeconomics is different from Microeconomics.
Macroeconomics is different from Microeconomics.
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Solution
Yes I agree with the statement.
Microeconomics studies the
behavior of an individual consumer, firm and producer in the economy.
On the other hand,
macroeconomics studies the aggregate units of the economy like national
income, employment,etc.
Yes I agree with the statement.
Microeconomics studies the behavior of an individual consumer, firm and producer in the economy.
On the other hand, macroeconomics studies the aggregate units of the economy like national income, employment,etc.
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