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The study of jute industry is a macroeconomic study. This statement is
  • a)
      Can’t say
  • b)
      False 
  • c)
    Conditional 
  • d)
    True
Correct answer is option 'B'. Can you explain this answer?
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The study of jute industry is a macroeconomic study. This statement is...
Micro economics deals with determination of prices and quantities in individual markerts and with the relationship among these markets.
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Most Upvoted Answer
The study of jute industry is a macroeconomic study. This statement is...
False
Jute industry is a microeconomic study and not a macroeconomic study. Here's why:

Microeconomics vs. Macroeconomics
- Microeconomics focuses on individual economic agents such as households, firms, and industries. It examines the behavior of these agents and how their decisions impact the allocation of resources. The study of jute industry falls under microeconomics as it analyzes the production, consumption, and pricing decisions of jute producers and consumers.
- Macroeconomics, on the other hand, deals with the economy as a whole. It looks at aggregates such as GDP, unemployment rate, inflation, and government policies that affect the overall economy. Jute industry does not encompass the entire economy, so it does not fall under the realm of macroeconomics.

Factors to consider in jute industry
- In studying the jute industry, factors such as supply and demand for jute products, market structure, government regulations, and technological advancements are considered. These factors are specific to the jute industry and do not have direct implications on the overall economy.

Conclusion
In conclusion, the study of the jute industry is a microeconomic study because it focuses on the interactions of individual agents within the industry rather than the broader economic indicators that fall under macroeconomics.
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Read the following passage and answer on the basis of the same :The subject-matter of economics is divided into two major branches—Microeconomics and Macroeconomics. Microeconomics studies the economic behaviour of individual economic units and individual economic variables, whereas macroeconomics deals with the functioning of the economy as a whole. Macroeconomics dealswith the broad economic aggregates or bigger issues, such as full employment, unemployment, full capacity, under capacity production, inflation or deflation, etc. Macroeconomics is concerned with the theory of national income, employment, aggregate consumption, savings and investment, general price level, economic growth, etc. Whereas, microeconomics is concerned with the theory of product pricing, factor pricing and consumer behaviour, etc.Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. It focuses on facts and cause and effect behavioural relationships and includes the development and testing of economic theories. Positive economics is objective and facts based. Whereas normative economics is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be. Normative economics is subjective and value based.For example, the statement, “government-provided healthcare increases public expenditures” is a positive economic statement and the statement, “government should provide basic healthcare to all citizens” is a normative economic statement.Q. Macroeconomics is concerned with the theory of national income, employment, aggregate consumption, savings and investment, general price level, economic growth.

Read the following passage and answer on the basis of the same : The subject-matter of economics is divided into two major branches—Microeconomics and Macroeconomics. Microeconomics studies the economic behaviour of individual economic units and individual economic variables, whereas macroeconomics deals with the functioning of the economy as a whole. Macroeconomics dealswith the broad economic aggregates or bigger issues, such as full employment, unemployment, full capacity, under capacity production, inflation or deflation, etc. Macroeconomics is concerned with the theory of national income, employment, aggregate consumption, savings and investment, general price level, economic growth, etc. Whereas, microeconomics is concerned with the theory of product pricing, factor pricing and consumer behaviour, etc.Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. It focuses on facts and cause and effect behavioural relationships and includes the development and testing of economic theories. Positive economics is objective and facts based. Whereas normative economics is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be. Normative economics is subjective and value based.For example, the statement, “government-provided healthcare increases public expenditures” is a positive economic statement and the statement, “government should provide basic healthcare to all citizens” is a normative economic statement.Assertion (

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The study of jute industry is a macroeconomic study. This statement isa) Can’t sayb) Falsec)Conditionald)TrueCorrect answer is option 'B'. Can you explain this answer?
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