Define the subject matter of economy

1.	Define the subject matter of economy
Answer» \tThe subject matter of economics includes microeconomic\xa0and macroeconomics.\tMicroeconomics, studies the behaviour of individual economic units of an economy, like households, firms, individual consumers and producers etc. It does not study the economy as a whole.\tMacroeconomics is the part of economic theory that studies the economy as a whole, such as national income, aggregate employment, general price level, aggregate consumption, aggregate investment, etc.

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