Micro & Macro Economics

Micro Economics:-

It deals with an individuals sparing behavior.
It deals with the pricing of a bad-tempered commodity in an industry.
It deals with the income of a particular set of people.
test of micro economics is authorized for resource utilization, public finance, and for pickings business decisions.
The concepts of micro-economics are independent concepts.
The concepts were popularized by the famous Alfred Marshall.
These concepts form more theoretical value.
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Macro Economics:-

It deals with aggregate economic behavior of the people in general.
It deals with the general price aim in the economy, subject area income accounting, etc.
Study of macro economics is important for formulation of economic policy of the whole nation.
The concept of macro economics are interdependent on one another.
The concepts were popularized by the famous Lord J.M. Keynes.
These concepts have more practical value.

National wealth
National wealth refers to the total value of wealth have by the citizens of a nation at a specific point in time. It is the total value of wealth and goods scramd by all economic activity in a given up nation.




The National Wealth is a useful framework by means of which to measure the progress of an economy and corresponding economic resources. It has a major effect on a nations capacity to generate income.

National Income is the cash value of all goods and services produced in a country during a year J.M. Keynes.
National income measures the money value of the flow of output of goods and services produced within an economy over a period of time. The level and rate of ripening of national income provide various purposes regarding economy, production, trade, consumption, policy formulation, etc.

Demonstration effects are effects on the behavior of individuals caused by bill of the actions of others and their consequences.
In economics, demonstration effects may help...If you want to total a full essay, order it on our website: Ordercustompaper.com



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