Macroeconomics: Economic Diversification

Macroeconomic is a section of something that called economics that studies two important things, the attitude and performance of an economy as an all. "Also, it is the study of economics involving phenomena that affect an entire economy, including inflation, unemployment, price levels, economic growth, economic decline and the relationship between all of these. While microeconomics looks at how households and businesses make decisions and behave in the marketplace, macroeconomics looks at the big picture - it analyzes the entire economy" (Grimsley). It concentrates on the total changes in the economy like gross domestic product, growth rate, and unemployment. And the examples of the Macroeconomic in the case: “The Macroeconomic disruption has

It will affect compensation and benefits negatively and positively. The positive thing when a country decides to diversify economy they will have the chance to attract businesses and tourists from different countries which will lead to a high rate of increasing the growth and diversification limits an investor's risk extending from an individual company or type of investments Also, it's will "improve national youth employment, improve export, given the opportunity to explore human capabilities, Reduce over-dependent on some unrealistic economic opportunities, and it's will Reduce the risk of land crashing into unexpected economic crisis”. (Kademi, 2008). The negative thing is that having a lot of sectors there will be a violation of the ethics of business administration such as bribery or exchange of utility between companies also this challenge could cause overcrowding and lack of expertise for example If a car company takes over a food distribution company, for example, it should retain proper expertise from the original company or it may find itself in