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:

Inflation:

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

Unemployment:

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.

Ad

Share this

Ad

Ad

About Us

Guidanceportal is a place to learn “the Knowledge” not mere information. Our vision is to spread knowledge of different fields of study and provide guidance in the most simplest and self explanatory way. Our team consists of skillful personnel working in different fields of life who share their practical experience and knowledge.

We understand the importance of continuous refinement & improvement thus your participation in the form of comments will be highly appreciated.

Guidanceportal Team