Question

Explain Various division of Economies​

Answer 1

Economics is a social science that studies the ways individuals and groups allocate resources, including money, buildings, land, time, tools and know-how. Its two major divisions are microeconomics, which starts with individual decision-making, and macroeconomics, which focuses on the overall result

Based on the subject-matter, Economics can be divided into Consumption, Production, Exchange, Distribution and Public Finance.