Mr Skund Kumar wants to study the national income Which branch of economics will he have to study ........

Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?

Microeconomics

Price theory

Factor price determination

Macroeconomics

- Option 1: Microeconomics

- Focuses on individual and firm-level economic issues.

- Analyzes market behavior of consumers and businesses.

- Option 2: Price theory

- Studies how prices are determined in the market.

- Part of microeconomics, focusing on supply and demand.

- Option 3: Factor price determination

- Looks at how prices for inputs like labor and capital are decided.

- Deals with microeconomic aspects of supply and demand.

- Option 4: Macroeconomics

- Examines overarching economic factors like national income.

- Studies the economy as a whole, including GDP, inflation, and employment.

- CORRECT ANSWER: This is the branch Mr. Skund Kumar should study.

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