Question
Slicing Method and Lumping Method.
| Slicing Method | Lumping Method |
| (a) In slicing method the entire economy is cut into individual slices and each unit is studied in depth. | (a) In lumping method, we study the economy as a whole without slicing it. |
| (b) Micro Economics uses the slicing method. | (b) Macro Economics uses the Lumping Method. |
| (c) In slicing method, in depth study of the behaviour of an individual unit like a household, a firm, a product, a factor is done. | (c) In lumping method, it deals with the behaviour of large aggregates like National Income, aggregate demand, aggregate supply, employment and their functional relationship is studied. |
| (d) It relates to the in-depth study of a tree and not the study of forest as a whole. | (d) It relates to the study of the forest as a whole and not a particular tree. |
| (e) Here we achieve a worm’s eye view. | (e) It gives a bird’s eye view of the whole economy. |
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