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What is Definition and scope of macroeconomics?

Updated: 8/22/2023
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Ak1051983

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12y ago

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Macroeconomics study large economic aggregates such as national income, aggregates demand and supply etc. It is that branch of economics that studies how society uses it scarce resources to satisfy it unlimited wants. whiles micro study individual markets in the economy, example the markets for plantain macro studies the economy as a whole. whiles micro uses partial equilibrium by the uses of "ceteris paribus" to explain economic phenomenon, macro uses full equilibrium analysis.

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12y ago

macro economics is a economics related with whole universe . its contain all the dimension of a country and its surrounding economy .

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