The field of economics that studies the whole market economy is known as

Question

Quizplus · Accepted Answer

The field of economics that studies the whole market economy, including issues such as inflation, unemployment, and government policy, is known as macroeconomics. Microeconomics, on the other hand, focuses on individual consumers, businesses, and products within a market. Market economics is a term sometimes used interchangeably with microeconomics. Global economics is a related field that studies international trade, finance, and development.

The Field of Economics That Studies the Whole Market Economy