Give three examples each about microeconomics and macroeconomics?
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Elina9
The topics that are covered in microeconomics include: Consumer behavior (decision making, utility maximization) Profit maximization of firms. Supply and demand (for individual markets). Macroeconomics studies the behaviour of aggregates of the economy as a whole, i.e it deals with the problems faced by the economy as a whole, and not just by an individual unit. Two examples of macroeconomics are-
1)Calculation of National Income 2)Determination of equilibrium level of output and employment.
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1)Calculation of National Income
2)Determination of equilibrium level of output and employment.
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