What is Macroeconomics? Definition or Meaning

Macroeconomics looks at issues within the economy as an aggregate whole including factors that influence the entire economy such as inflation, national income, gross domestic product and the like. Macroeconomists study the relationship between these factors and analyse how these different sectors of the economy affect indicators like unemployment rates, GDP and price indices et cetera.

For example…

Learning about the general state of the economy is crucial to many businesses and investors alike. If Heal Better Pharmaceuticals wanted to acquire Test Time Pathology, factors like inflation, employment figures and rate of growth are perhaps some factors to look for. Macroeconomists may develop models explaining particular relationships of interest including investment, consumption and output.