Importance of Macro Economics



Importance of Macro Economics:

1. Formulation & Execution of Economic Policies:- Economic polices for the removal of the poverty, the unemployment and the price instability are based upon aggregate requirements.
2. Functioning of the Economy:- Macroeconomics gives us an idea of how a complex economic system functions
3. Study the Economic Development
4. Study of welfare
5. Theory of Inflation & Deflation
6. International Comparisons.

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