LIMITATIONS OF MICROECONOMICS
LIMITATIONS OF MICROECONOMICS
STATISTICAL AND CONCEPTUAL S DIFFICULTIES:
The measurements of macro economics concepts involves a no. of statistical and conceptual difficulties ,these problems relate to the aggregations of microeconomics variables,if individuals units are almost similar,aggregations does not presents much difficulty ,but if microeconomics variables relate to dis similar individuals units,their aggregation into one macroeconomics variable may be wrong and dangerous.
STATISTICAL AND CONCEPTUAL S DIFFICULTIES:
The measurements of macro economics concepts involves a no. of statistical and conceptual difficulties ,these problems relate to the aggregations of microeconomics variables,if individuals units are almost similar,aggregations does not presents much difficulty ,but if microeconomics variables relate to dis similar individuals units,their aggregation into one macroeconomics variable may be wrong and dangerous.
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