Classification of goods
1. Consumption Goods : These are the goods which are directly consumed by a buyer/consumer. For example Butter, bread, vegetables, smartphones, Furniture, etc. 2. Durable Goods These are the goods…
1. Consumption Goods : These are the goods which are directly consumed by a buyer/consumer. For example Butter, bread, vegetables, smartphones, Furniture, etc. 2. Durable Goods These are the goods…
Macroeconomics deals with the aggregate of systems of the economy. For example, aggregate demand, aggregate supply and Gross domestic product (GDP), etc. It measures the economy as a whole.
Macro economics is a branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the factors that affect the overall economy, such…