Sunday 24 February 2013

Objectives of micro-economics & macro-economics:

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.

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