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Importance of Macro Economics - Economics | Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail |

Chapter: 12th Economics : Introduction to Macro Economics

Importance of Macro Economics

The importance and the need for introducing a macro outlook of an economy are given below:

Importance of Macro Economics

The importance and the need for introducing a macro outlook of an economy are given below:


  • There is a need to understand the functioning of the economy at the aggregate level to evolve suitable strategies and to solve the basic problems prevailing in an economy.


  • Understanding the future problems, needs and challenges of an economy as a whole is important to evolve precautionary measures.


  • Macro economics provides ample opportunities to use scientific investigation to understand the reality.


  • Macro economics helps to make meaningful comparison and analysis of economic indicators.


  • Macro economics helps for better prediction about future and to formulate suitable policies to avoid economic crises.

Tags : Economics Economics
Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail


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