SCOPE AND IMPORTANTS OF MICROECONOMICS
SCOPE AND IMPORT ANTS OF MICROECONOMICS
FOR UNDERSTANDING THE BEHAVIOR OF INDIVIDUALS UNITS :
Last but not the least,for understanding the behavior of individuals units the study of macroeconomics is imperative,demand for individual products depends upon aggregate demand in the economy,unless the causes of deficiency in aggregate demand are analyzed,it is not possible to understand fully the reasons for a fall in the demand of individual products,the reasons for increase in costs of a particular firm or industry can not be analysed without knowing the average cost conditions of the whole economy,thus the study of individuals units is not possible without macroeconomics.
we may conclude that macroeconomics enriches our knowledge of the functioning of an economy by studying the behaviour of national income,output,investment,saving and consumptions,moreover,it throws much light in solving the problems of unemployments ,inflation,economics instability and economic growth.
FOR UNDERSTANDING THE BEHAVIOR OF INDIVIDUALS UNITS :
Last but not the least,for understanding the behavior of individuals units the study of macroeconomics is imperative,demand for individual products depends upon aggregate demand in the economy,unless the causes of deficiency in aggregate demand are analyzed,it is not possible to understand fully the reasons for a fall in the demand of individual products,the reasons for increase in costs of a particular firm or industry can not be analysed without knowing the average cost conditions of the whole economy,thus the study of individuals units is not possible without macroeconomics.
we may conclude that macroeconomics enriches our knowledge of the functioning of an economy by studying the behaviour of national income,output,investment,saving and consumptions,moreover,it throws much light in solving the problems of unemployments ,inflation,economics instability and economic growth.
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