Question

briefly explain the division of economics with the help of suitable examples​

Answer 1

Answer:

There are four main divisions of economics. They are consumption, production, exchange and distribution. In modern times, economists add one more division and that is public finance. In public finance, we study about the economics of government

Explanation:

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Answer 2

Answer:

There are four main divisions of economics. They are consumption, production, exchange and distribution. In modern times, economists add one more division and that is public finance. In public finance, we study about the economics of government.

Economics is defined as a science that deals with the making, distributing, selling and purchasing of goods and services. An example of economics is the study of the stock market.

Explanation:

Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. ... Capitalism, socialism, and communism are types of economic systems.

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