Why is the study of problem of unemployment in India considered a macroeconomics study? ( 3M )
Dear Student,
Unemployment in India has an intersectional effect i.e. it affects various sectors at the same time. Also, it is an economic issue that effects India as a whole. Unlike Microeconomics, Macroeconomics studies the behaviour, problems and economic situation of all the involved persons at a time. Thus, study of unemployment is India is considered as a macroeconomics study.
Unemployment in India has an intersectional effect i.e. it affects various sectors at the same time. Also, it is an economic issue that effects India as a whole. Unlike Microeconomics, Macroeconomics studies the behaviour, problems and economic situation of all the involved persons at a time. Thus, study of unemployment is India is considered as a macroeconomics study.