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.