INDIVIDUAL PROBLEM V/S NATIONAL PROBLEM


1. INDIVIDUAL PROBLEM
NATIONAL PROBLEm
1.      Meaning: -
It is a problem faced by an individual person or an individual unit like household or firm.

2.      Example: -
Problem of poverty faced by an individual/household or problem of loss faced by a firm.

3.      Extent/Degree: -
The degree of problem is less. It is a micro level problem.

4.      Solved by: -
The problem can be solved by the person/firm, which is facing it or by Government or Non-Government organisation.

It is a problem faced by a country or a nation as a whole


Problem of poverty or unemployment faced by a nation.



The degree of problem is large. It is a macro level problem.


The problem can be solved by the central Government.