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Which among the following is also known as Aggregative Economics?
  • a)
    Macroeconomics
  • b)
    Microeconomics
  • c)
    Welfare economics
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Which among the following is also known as Aggregative Economics?a)Ma...
Macroeconomics is defined as the economic behaviour of the whole system of the country.
This is also known as aggregative economics.
On the other hand, microeconomics is defined as the study of the individual sectors such as industry, firms, households, etc.
Welfare economics is the branch that studies the effect of microeconomic activities to evaluate welfare at the macro level.
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Which among the following is also known as Aggregative Economics?a)Macroeconomicsb)Microeconomicsc)Welfare economicsd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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