Micro Approach in National Point of View

Micro approach refers to the analysis of individual components of an economy. It focuses on the behavior of individuals, firms, and households in the economy. On the other hand, macro approach deals with the overall performance of the economy as a whole. In this context, let's analyze the given options to identify which one indicates a micro approach.

Lockout in TELCO

The correct answer is option 'C' which is 'Lockout in TELCO.' It indicates a micro approach because it is a specific event that pertains to a particular firm or industry. A lockout is a work stoppage initiated by the employer during a labor dispute. It is a specific issue that affects the workers and the management of that particular company. Hence, it falls under the micro approach category.

Per Capita Income of India

Per capita income of India is a macroeconomic indicator that measures the average income earned per person in a given year. It reflects the overall economic performance of the country. Therefore, it falls under the macro approach category.

Underemployment in Agricultural Sector

Underemployment in the agricultural sector is also a macroeconomic issue because it affects the overall employment rate of the country. It refers to a situation where a person is employed but is not fully utilized in terms of skills and productivity. It is a widespread issue that affects the entire sector and, therefore, falls under the macro approach category.

Total Savings in India

Total savings in India is a macroeconomic indicator that reflects the overall savings behavior of the country. It includes both household and corporate savings. It indicates the level of financial security and stability of the country and, therefore, falls under the macro approach category.

Conclusion

In conclusion, the lockout in TELCO is the only option that indicates a micro approach from a national point of view. The other options are macroeconomic indicators that reflect the overall performance of the economy.

TELCO is one of the private company which is related to micro level. In Rest of the 3 that is per capita income, underemployment and total saving the concept itself says that they are approach of macro level.