What are the macroeconomic policy objectives in an economy? What should you understand by Magic Square and Hexagon, economic policy goals, and measures in macroeconomics? The explanation begins like this: Every economy, according to its economic order, pursues a number of quantitative and qualitative economic policy goals. Each relevant goal
Economics is a social and behavioral science, focusing on decision-makers’ actions in the face of various restrictions and social interactions. It covers microeconomic and macroeconomic levels and governmental policy. This discipline explains rational and irrational behaviors, incorporating principles of maximum output from fixed resources and minimum input for pre-defined outcomes. The study of economics involves sectors such as households, businesses, and government, all making decisions within a defined economy.