2006-11-04 02:43:44 · 8 answers · asked by navya g 1 in Social Science ➔ Economics
Macroeconomics is study of national income, inflation, and unemployment.
2006-11-04 04:49:36 · answer #1 · answered by NC 7 · 0⤊ 0⤋
Its a part of the economics which deal with the country as a whole taking the Macro Economics into the consideration the whole we can say that INDIA will lead the world economy before 2020 if U take MICRO ECNOMICS its impossible for the india to lead the world economy even in the next millenium also.
2006-11-06 02:30:40 · answer #2 · answered by Ramasubramanian 6 · 0⤊ 0⤋
Macroeconomics
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Macroeconomics is a sub-field of economics that examines the behavior of the economy as a whole, once all of the individual economic decisions of companies and industries have been summed. Economy-wide phenomena considered by macroeconomics include Gross Domestic Product (GDP) and how it is affected by changes in unemployment, national income, rate of growth, and price levels.
In contrast, microeconomics is the study of the economic behaviour and decision-making of individual consumers, firms, and industries.
Macroeconomics can be used to analyze how to influence government policy goals such as economic growth, price stability, full employment and the attainment of a sustainable balance of payments.
Macroeconomics is sometimes used to refer to a general approach to economic reasoning, which includes long term strategies and rational expectations in aggregate behavior.
2006-11-04 02:47:04 · answer #3 · answered by notaxpert 6 · 0⤊ 0⤋
Will take the word Macro meaning Large. Micro meaning Small, Now put Macroeconomics means gobal econonmy. The whole world being one large suppier to each other, Also may be known for the one world order.
2006-11-04 02:50:37 · answer #4 · answered by mycus2000 2 · 0⤊ 0⤋
The term "macro" is derived from the greek word "makros" which means large.It studies the aggregate or the total level of economic activity in a country.
2006-11-04 02:58:48 · answer #5 · answered by jinde p 1 · 0⤊ 0⤋
the branch of economics dealing with the broad and general aspects of an economy, as the relationship between the income and investments of a country as a whole.
2006-11-04 02:45:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
it is a branch in Economics that studies the economy as a whole,and is also known as National Income Analysis..
2006-11-04 02:48:46 · answer #7 · answered by c 1 · 0⤊ 0⤋
Economics on a larger scale.
2006-11-04 02:56:57 · answer #8 · answered by ? 7 · 0⤊ 0⤋