Norwegian economist Ragnar Frisch, a Nobel laureate, is credited with coining the terms 'microeconomics' and 'macroeconomics' in the 1930s. He proposed this division to distinguish between the study of individual economic units and the study of the economy as a whole.
Who was the first economist to have coined the terms 'Micro Economics' and 'Macro Economics'?
Asked in POST GRADUATE TEACHER (PGT) 2018 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
More Economic Development questions
- Uniform price is a feature of
- For which discipline, Mr. Abhijeet Banerji was awarded Nobel Prize in 2019 ?
- After a recession, when different parts of the economy recover at vastly different rates, it is called a
- According to Economic Survey 2021-22, which of the following is/are the strength of Indian Economy? I. Strong growth II. Fiscal consolidation III. All population vaccination IV. High forex reserve Choose the correct option.
- Which sector in India attracts the highest FDI equity flow?
- Which of the following sectors has attracted the highest foreign direct investment flow in India in the last one decade ?
- The share of services in Indias G.D.P and total unemployment in 2012-13 respectively are approximately
- As per the 28th QES (Quarterly Report on Changes in Employment) Report of Labour Bureau, the largest contributor to job growth in the year 2015 was