Macroeconomics is the field of economics that studies the large-scale behaviour of economies. It focuses on overall output, employment, inflation and national income as indicators of national well-being. Macroeconomists study trends and indicators such as GDP to make policy recommendations and predictions; ultimately, macroeconomics strives to ensure national well-being.
An economy is influenced by several micro and macro-economic factors. The macro-economic factors include GDP, real wage rate, inflation, the rate of foreign exchange, inflation rate and unemployment.
View More >>Violent conflict has a negative effect on a nation’s economic growth in various ways. First, conflict contributes to distortion of peace within the affected region or community.
View More >>According to Annuar et al. (2014), tax avoidance is argued to be a major problem prevailing in almost all the societies
View More >>Economies around the world are always in pursuit of economic growth through various approaches using both domestic and foreign investments. In the foreign realm
View More >>According to CSR (Congressional Research Service) (2019), four decades ago i.e. before 1979, the Chinese government adopted inefficient economic policies which led its economy in a stagnant position resulting in increased poverty and leaving the country isolated from the rest of the global economy. But it was only after 1979 when the Chinese government revolutionised its economic policies
View More >>This study is regarding the impact of the socio-economic status upon the experience of the landscape architecture design change. This study has applied surveys as primary data collection processes, whereas secondary data is gathered through journals, books, and academic papers. This study has taken income, occupation, and education as a significant three socio-economic factors that affect the experience.
View More >>Economics is a field that determines two aspects the micro and the macro. The micro economics is based on small-scale industries on the other hand macro leads to large-scale organizations, but it is important to study both aspects of the area as both deliver different forms of information that are required in this field. In macroeconomics, we get to know about the national income, GDP, inflation, propensity of growth, and many more areas. To know and have understanding about all this is important and necessary too. In short, this form of economics deals with the whole concept rather than the individual one.
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