Practicing Success
The word Economics is derived from the ancient Greek word oikonomia. The father of Economics has defined it as “an inquiry into the nature and causes of the wealth of nations.”Economics has two main branches - Microeconomics and macroeconomics. Where microeconomics deals with how the household and firms in different kinds of markets allocate resources to produce and consume goods, macroeconomics deals with the economy as a whole. It deals with various factors like national output, GDP, income, employment, interest rate, etc. Many economists have given their theories and viewpoints on how to deal with various economic problems. Both the branches are interdependent and complement each other. |
Which of the following can be considered as economic agents in Macroeconomics? |
Government RBI SEBI All of above |
All of above |
The correct answer is Option 4: All of above In macroeconomics, economic agents are decision-makers whose actions influence the overall economy. Here's why all the options you provided are considered economic agents: Government: Government spending, taxation policies, and regulations significantly impact economic factors like inflation, unemployment, and economic growth. |