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Answer:- Difference between Stock and Flow Basis Stock Flow Meaning Stock variable refers to that variable, which is measured at a particular point of time. Flow variable refers to that variable, which is measured over a period of time. Time…

The four factors of production are: Land Labour Capital Entrepreneur The remuneration of these four factors are: Land – Rent Labour – Wages Capital – Interest Entrepreneur – Profit

The four major sectors in an economy according to the macroeconomic point of view are: 1. Household Sector: It includes consumers of goods and services and also the owners of factors of production. They supply factors like land, labour, capital…

Solution:- Let us now study the various points of difference between Microeconomics and Macroeconomics. 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…

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