Micro economics is a parallel equilibrium. Justify it .
= Generally, the subject matter of economy is divided into two
categories viz; micro economics and macro economics. Micro economics deals with
the analysis of small economics units of the economy and macro economics deals
with the analysis of economy as a whole in aggregate firm. Here micro economics
study individual form, individual household, particular market and markets
equilibrium where consumers, producers and resource owners can be satisfied
etc. to find the satisfying point of consumers, producers and resource owners
it calculates equilibrium points. And, consumers, producers and resources
owners are the part of an economy. Therefore, microeconomics economy is known
as parallel equilibrium.
In short, micro economics deals with particular
firm, particular house hold, individual demand and supply not with general
firms, general investments, general demand and supply etc. so it is known as
parallel equilibrium.
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