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What's the need of the objective of macroeconomics?

Economics

What's the need of the objective of macroeconomics?

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It is important to have macroeconomic objectives.

Macroeconomics involves the study of how the limited resources are utilized by a whole economy in production of goods and services for consumption. Economies can be those of state or even the world.

The objectives of macroeconomics include ensuring maximum levels of employment, stable prices in the market, high and sustainable rate of economic growth and stability in the balance of payments.

Having macroeconomic objectives is important because the problems facing an economy will be handled with a focus. These problems include the high levels of unemployment which is expensive to the government and the citizens, negative effects of inflation, low economic growth which leads to poor standards of living and unstable balance of payments which signals uncompetitiveness of different industries within an economy.