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What is the concept of the overall economy?

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Question added by georgei assi , مدير حسابات , المجموعة السورية
Date Posted: 2014/11/13
georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

Is the branch of economic study, which handles the analysis of the national economy in general; it deals with research in economic quantities, which take in the scope of the analysis of the national economy, for example: gross domestic product, or GDP, or national expenditure, or the economic cycle analysis. This study differs from microeconomics, which examines the behavior of a unit of the new economic units in the economic community, whether a consumer unit, or unit productivity on the basis that each unit of the behavior of these units, representing the vast majority of the behavior of the other units.

Bassam AL - Mujamami
by Bassam AL - Mujamami , مدير الموارد البشرية والشئون الإدارية , Bin Mariee Group

Overall economy concept is : Is a branch of economics study the factors which affect in a national economy as all, it study factors affecting consumers, workers and businesses at the economy's level as all.

Overall economy cares mainly studying two great subjects :

I: short-term fluctuations in production, workers,financial sector variables,level of prices,this section is called business cycle. 

II: long-term trends in production,living standards, this section is called economic growth. 

hossam azzam
by hossam azzam , Fast food restaurant,s manager. , alexandria-egypt

Thanks for the invitation

Good question

Excellent answer given by Mr.:George Assi

I do agree totally with his description.

Muhammad  Sultan
by Muhammad Sultan , construction foreman , Alwasead Alaqarya

Overall economy mean the total turn over of local and internationally ,  

zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

OVER ALL GDP OF THE COUNTRY ....... 

Ahmed Rashad
by Ahmed Rashad , HR , Internatinal Environmental Service

Macroeconomics: definition, objectives and toolsDefinition of macroeconomic:Is a branch of economics studying the factors that affect the national economy as a whole, it examines the factors affecting consumers, workers and businesses at the level of the economy as a whole.And mainly deals with macroeconomic study two major:First, short-term fluctuations in output and employment and variables of the financial sector and the level of prices, and this section is called the business cycle business cycle.II: long-term trends long-run trends in production and living standards, and this part of the overall economy, known as economic growth economic growth.  Macroeconomic objectives:Macroeconomic three goals a measure of success on the economic level, and those goals are:[1] to achieve a high level and fast growth in production.[2] The low level of unemployment.[3] the stability of the price level

MALIIK SOHAIL ABBAS
by MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

Over all economy of a country means in macro terms like national income , GNP , GDP , FISCAL INDICATORS , MONERTARY INDICATOR

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Ir is the micro and macro economic study of all factors of production and defined by various metrics and parameters. It cover all sectors of the economy whether it is Industrial, Agricultural and allied activities, small scale and cottage industries, fisheries,Animal husbandry  ,Financial and service sectors,mining and geological which bring value to the nation and form part of the GDP and future outlook.

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

I agree with answers provided

thanks,

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments.

LABIB KOOLI
by LABIB KOOLI , Director of the Sectoral Center for Training in Hotel Technologies at Southern Hammamet , Tunisian Vocational Training Agency (ATFP)

The concept is based on the country economic analysis ,

it gives some indicators which quantify the overall economic health of the country.