in macroeconomics the economy can best be understood through the use o
Keynesian economics Macroeconomics is the study of the factors applying to an economy as a whole, such as the overall price level, the interest rate, and the level of employment (or equivalently, of income/output measured in real terms).
Economic problem The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are limited. Economy problem is the problem of rational management of resources or the problem of optimum utilisation of resources.it arises because 1 resources are scarce and 2