What is Macro-economics?

Economics is a social science which looks at production, distribution and consumption of goods and services.

Macroeconomics aims to look at the economy as a whole, analyzing how different factors affect it. It considers the actions of consumers (such as how much and what they are buying), decisions made by governments (such as whether they are increasing or decreasing taxes), the structure of the population (including age and income levels), the performance of businesses and much more.

Below we explain the main features of macroeconomics and how they affect the growth, or decline, in the economy.