1)The subject matter of modern economic is generally divided into ___part.?
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It should be clear by now that economics covers a lot of ground. That ground can be divided into two parts: Microeconomics focuses on the actions of individual agents within the economy, like households, workers, and businesses; Macroeconomics looks at the economy as a whole.
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In 1933, the whole Economics has been divided into two parts as Micro Economics and Macro Economics by Ragnar Frisch.
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