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प्रश्न
Distinguish Between
Slicing method and Lumping method
उत्तर
| Sr. No. | Slicing method | Lumping method |
| 1. | When the aggregate is divided into small units for the purpose of study of each unit in depth, it is called as slicing method. | When the economy is not split up into small slices; but it is studied in big lumps as it is, it is called as lumping method. |
| 2. | Micro-Economics uses slicing method. | Macro-Economics uses lumping method. |
| 3. | It gives a worm’s eye view of the economy. | It gives a bird’s eye view of the economy. |
| 4. | It studies in depth individual units like household, firm, consumer, producer, individual wages, prices, incomes, particular commodity etc. | It studies aggregates such as total employment, national income, national output, total investment, total savings, total consumption, aggregate supply, aggregate demand etc. |
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संबंधित प्रश्न
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Gauri collected the information about the income of a particular firm.
Scope of micro economics.
- Theory of Product Pricing
- Theory of Growth and Development
- Theory of General Price Level and Inflation
- Theory of Income and Employment
Branch of economics that deals with small part of national economy −
Find the odd word
Features of Microeconomics
Assertion (A): Micro-economics uses slicing method.
Reasoning (R): Slicing method is the study of the whole economy rather than its part.
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Mala collected information about the income and expenditure of twenty five families from her locality.
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______ is a branch of economics that studies the economic variables at an individual level.
Microeconomics was Popularised by ______
Which of the following variables are involved in microeconomics?
How does Robbins define Economics?
Which of the following topic is not covered under microeconomics?
Which of the following is a limitation of microeconomics?
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What is the other name of Microeconomics and Macroeconomics?
- Assertion (A): Microeconomics is a small part of the national economy.
- Reasoning (R): Microeconomics divides the economy into small units.
Complete the correlation:
Macro-Economic Theory : Income and Employment :: Micro Economics : ______
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Statements that are correct in relation to microeconomics:
- Microeconomics is concerned with the study of individual economic units.
- Microeconomics uses lumping method.
- Microeconomics provides basis for the conditions of economic welfare.
- Microeconomics studies the determination of the general price level.
Give an economic term:
The economic variables of micro quantities.
Give an economic term:
Factor payment received by an entrepreneur in the form of money.
A particular segment of an economy is studied in ______.
Find the odd word out:
Microeconomic variables:
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Macro economics.
- Whole economy
- Economic development
- Aggregate supply
- Product pricing
