What Is the Connection Between Macroeconomics and Health?

Microeconomics is the foundation of macroeconomics. Microeconomics and macroeconomics are complementary and prerequisites. The purpose of economics is to maximize the socio-economic welfare. Therefore, it is necessary to achieve optimal allocation of limited resources and make full use of resources. The optimal allocation of resources is the main problem to be studied in microeconomics, and the full use of resources is the problem to be studied in macroeconomics. The two are complementary. For example, macroeconomics must examine the behavioral choices of consumers and manufacturers when studying the determination of economic aggregates and cyclical fluctuations, while microeconomics must take the economy to full employment as a prerequisite when studying the effective allocation of limited resources. [1]

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