1 Answers
Option 1 : Individual's purchasing decision
The correct answer is an Individual's purchasing decision.
- Macroeconomics is the study of the entire industries, structure, performance, behaviour, and economy. (Not only a few companies or individuals)
- The Goal of Macroeconomics
- To achieve sustainable economic growth
- Increasing Productivity
- Full employment
- Living standard growth
- Stability and security
- Financial, Social, and Ecological Sustainability
- Microeconomics is a study of individual, household, and business decisions regarding the allocation of resources and the price of goods and services.
- These economics characterized the consumer equilibrium, individual income, and saving.
Confusion Points
- Macro - Big (Like - All companies in a whole sector)
- Micro - Small (Like - Individual company)
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