Question

1)In how many branches is economics classified by the method of study and
analysis?
B)three
a)four.
D)five
C)two.​

Answer 1

Answer:

c is the answer

Explanation:

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Answer 2

Explanation:

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements.

Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.[5]

Economic analysis can be applied throughout society, in real estate,[6] business,[7] finance, health care,[8] and government.[9] Economic analysis is sometimes also applied to such diverse subjects as crime, education,[10] the family, law, politics, religion,[11] social institutions, war,[12] science,[13] and the environment.

Economic systems is the branch of economics that studies the methods and institutions by which societies determine the ownership, direction, and allocation of economic resources. An economic system of a society is the unit of analysis.

Among contemporary systems at different ends of the organizational spectrum are socialist systems and capitalist systems, in which most production occurs in respectively state-run and private enterprises. In between are mixed economies. A common element is the interaction of economic and political influences, broadly described as political economy. Comparative economic systems studies the relative performance and behaviour of different economies or systems.[68]

The U.S. Export-Import Bank defines a Marxist–Leninist state as having a centrally planned economy.[53] They are now rare; examples can still be seen in Cuba, North Korea and Laos