Mukesh divided his departmental J store into two separate divisions i.

1.	Mukesh divided his departmental J store into two separate divisions i.e. S food grains and garments to find actual profitability separately.
Answer» Concept: Slicing method. Explanation : Micro economics splits or divides the whole economy into small individual units and then studies each unit separately in detail. Mukesh has divided its business into two separate divisions to understand the detail cost of operations and profitability separately for food business as well as garment business. Government collect whole information about population through census. Concept : Lumping method / Macro economics. Explanation : Macro economics use lumping method to study the whole economy rather than its part.

Mukesh divided his departmental J store into two separate divisions i.e. S food grains and garments to find actual profitability separately.

Answer»

Concept: Slicing method.

Explanation : Micro economics splits or divides the whole economy into small individual units and then studies each unit separately in detail. Mukesh has divided its business into two separate divisions to understand the detail cost of operations and profitability separately for food business as well as garment business. Government collect whole information about population through census.

Concept : Lumping method / Macro economics.

Explanation : Macro economics use lumping method to study the whole economy rather than its part.

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