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Basis Microeconomics Macroeconomics Meaning Microeconomics is that part of economic theory which studies the behaviour of individual units of an economy. Macroeconomics is that part of economic theory which studies the behaviour of aggregates of the economy as a whole.…
Solution:- Macroeconomics Macroeconomics deals with study of employment level in the economy.
Solution:- Stock ₹ 2,000 note lying in wallet of Rohini, a student is an example of Stock.
Solution:- Nominal Flow Flow of factor payments and payments for goods and services between households and firms is known as Nominal Flow
Solution:- Flow Flow variable is a dynamic concept.
Solution:- Distribution, Distribution phase involves flow of factor income from firms to the households.
Solution:- Money Money is also known as Nominal Flow.
Solution:- Goods, Services Real Flow involves exchange of Goods and Services.
Solution:- Firms, Households In a two-sector economy, Household sector supplies factor services only to Firms and the firms hire factor services only from Households.
Solution:- Physical Flow Real Flow is also known as Physical Flow.