Understanding the Scope of Macroeconomics: Key Concepts for Class 12 Maharashtra Board Economics

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00:04 Understanding the scope of macroeconomics 01:39 Macroeconomics focuses on analyzing overall economy 03:34 Micro Economics studies relationship between major economic variables 05:22 Key theories in macroeconomics 06:58 Factors affecting national income and fluctuations in income and output 08:34 The theory of income and employment is fundamental in understanding market fluctuations, inflation, and deflation. 10:22 Microeconomics focuses on economic growth, development, and poverty. 12:11 Micro Economics scope consists of 4 theories

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