Microeconom ics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets. Microeconom ics focuses on the “What?' And 'For Whom?' It examines how a society decides to produce the bundle of goods and services it does (the 'what' question), and who gets these goods and services (the 'for whom' question). It explores how various systems of incentives and ways of making decisions (such as 'dollar voting' or various forms of political voting) work to solve the 'what' and 'for whom' questions. Central in much of this examination is the concept of economic efficiency.

Macroeconom ics deals with topics of inflation and unemployment. Macroeconom ists study aggregated indicators such as GDP, unemployment rates and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investments, international trade and international finance. Macroeconomics is a broad field of study, however, there are two major areas of research in Macroeconomics.

ADVERTISEMENTS: This is primarily confined to agriculture. Cce Com Br Drivers there. Agriculture does not provide employment round the year.

It is also known as perennial unemployment. Cprm Decrypter Sony Ericsson Summertime By The Jamies Youtube Music Video. there. Sowing and harvesting season ranges between five and seven months. For the rest of the period the cultivator has to remain idle. Experts believe that an Indian cultivator remains unemployed for five to six months.

When the next sowing season starts he again goes back to cultivation. Therefore, it is called seasonal unemployment. (b) Disguised Unemployment or Underemployment: It is again a feature of the agrarian economies. When more people are engaged than actually required for production, it is called disguised unemployment.