What is Macroeconomics? Definition, Understanding

Macroeconomics:

Macroeconomics - is concerned with the aggregate performance of the entire economic system.

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The prefix macro means large, indicating that macroeconomics is concerned with the study of the market system on a large scale. macroeconomics with the study of the market system on a large scale. macroeconomics considers the aggregate performance of all markets in the market system and is concerned with the choices made by the large sub-sectors of the economy., the household sector, which includes all consumers the business sector, which includes all firms; and the government sector which includes all government agencies.

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