Macro economics definition

Macro is a Latin word which means very large so, discussing aggregates of economic variables we mean Macro economics. For example: discussion of forest. e.g. inflation, unemployment, international trades, public finance etc.

Factors which we will discuss in macro economics are defined as follows:


A rapid increase in price level of goods is known as inflation.


Less opportunities of jobs in the society for needy ones.

International trades:

International trades are discussion of trades between two or more countries.

Public finance:

How government generates money through public and does government spends this money, e.g. taxes, utility bills etc.


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