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Use or Importance of Macroeconomics

Macroeconomics is the study of aggregates like national income, national product, total consumption, total saving, total investment, etc. Study of macroeconomics assists to realize the operation of a complicated modern economic system. It defines and describes how the economy functions and how the level of national income and employment is determined based on aggregate demand …

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Meaning and Features of Macroeconomics

Macroeconomics is the part of economics that studies about the economy. The unit to deal in macroeconomics is the entire economy rather than a part of the economy. Thus, macroeconomics deals with the economic problems faced by an economy. Here we will briefly discuss the meaning and features of macroeconomics. Ahuja (2016) states that macroeconomics …

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Difference between Microeconomics and Macroeconomics

The subject matter of economics is broadly divided into two branches, namely microeconomics and macroeconomics. Microeconomics and macroeconomics have become household worlds today. Microeconomic and macroeconomic analysis is now considered two important approaches to economic analysis. Microeconomics The prefix ‘micro’ is originated from the Greek word ‘mikros’, meaning small. It is the study of the …

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The Achievements of Development Planning in SAARC Countries

Learning ObjectiveTo discuss the achievements of development planning in SAARC Countries SAARC Countries have experienced several changes and improvements because of economic planning in the region. The region has completed more than five decades of economic planning. The South Asian economies have come a long way since the starting of planning in the 1950s. Some …

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Constraints or Challenges of Development Planning in SAARC Countries

Introduction South Asian countries are competitive but, in many respects, they are complementary to each other also. All the member countries of SAARC are more or less homogeneous in the sense they have been facing similar nature of challenges in the development of the nation. Some reports have mentioned that the SAARC is failed due …

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