Complete the correlation : Micro economics : Slicing method : : Macro economics : ______
Q.1 (A) (i) Complete the correlation : Micro economics : Slicing method : : Macro economics : ______
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Answer: Lumping method
Micro economics studies the economy by slicing it into small individual units (a consumer, a firm, an industry), so it uses the slicing method. Macro economics studies the economy as a whole by taking aggregates together (national income, total employment, general price level), so it uses the lumping method.
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· 28 Oct 2026
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