<span>Herbert Spencer was the philosopher and scientist of the XIX, who applied the studies of evolution to the branch of biology and psychology, among others. Herbert Spencer was an English philosopher and sociologist. He developed an idea of evolution as the progressive development of the physical world, biological organisms, and the mind.</span>
Answer and Explanation:
Macroeconomics refers to the analysis of the economy as a whole. It covers the components like inflation, unemployment rate, saving, investment, etc
It is important to research macroeconomics, so we can learn how the country's economy is doing.
Microeconomics also studies inflation, unemployment causes, national earnings, and market price variations.
Moreover, Macro-economics focuses on businesses and people's decisions.
The people would get to know how much is the GDP of the economy, population, etc so that the government should make the decisions based on the current situation
