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Nature and Scope of Macroeconomics- A Complete Guide

Submitted by chegg987 on Wed, 10/04/2023 - 05:23

Economics is classified into two broad categories – microeconomics and macroeconomics. Microeconomics deals with individual units like the consumer or a household and macroeconomics deals with an economy as a whole. The understanding of this science is vast and at different lengths.
This article will focus on the nature and scope of macroeconomics. Let us have a look at the two branches of Economics.