What is an equitable distribution in macroeconomics?
Answer:
Macroeconomics is the economics sub-field of study that considers aggregate behavior, and the study of the sum of individual economic decisions. This is in contrast to microeconomics, the study of the economic behaviour of individual consumers, firms, and industries.
Macroeconomics can be used to analyze how best to influence government policy goals such as economic growth, price stability, full employment and the attainment of a sustainable balance of payments.
Macroeconomics is sometimes used to refer to a general approach to economic reasoning, which includes long term strategies and rational expectations in aggregate behavior.
Part of a Macroeconomic Objective
Equitable distribution of income and wealth - a fair share of the national 'cake', more equitable than would be in the case of an entirely free market.
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