Question

What Are The Features Of Macro Economics - Commerce Q&A

Answer 1

The main features of Macro Economics are:

• It gives an overall view of the economy
• It explains the causes of fluctuations in the national income
• It helps us to study the progress of an economy in investment, total production, total employment, growth etc.
• It involved the study of the concept of national income, its different elements, methods of measuring and social accounting.
• It deals with the aggregate demand and aggregate supply that determines the equilibrium level of income, output employment in the economy.

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