Objectives of micro-economics:
- Effects of tax on the income and, their relation on how they affect consumption by consumers.
- Utilization of the budget sets and constraints in their utilization to achieve indifferences curves.
- Assists consumer to distinguish between substitutions and income effects.
Objectives of macro-economics:
- Determination of price stability.
- Finding out if there is exchange stability.
- Increase in capital accumulation.
- Helps in promoting higher employment level through better economy prioritization.
- Ensures there is fair distribution of national income.
- For purposes of achieving desirable level of consumption.
- Effects of tax on the income and, their relation on how they affect consumption by consumers.
- Utilization of the budget sets and constraints in their utilization to achieve indifferences curves.
- Assists consumer to distinguish between substitutions and income effects.
Objectives of macro-economics:
- Determination of price stability.
- Finding out if there is exchange stability.
- Increase in capital accumulation.
- Helps in promoting higher employment level through better economy prioritization.
- Ensures there is fair distribution of national income.
- For purposes of achieving desirable level of consumption.
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