Question

Generally, in which 3 parts economics is discussed? ​

Answer 1

Generally, economics is discussed in 3 parts:

1 - Consumption

2 - Production

3- Distribution

The components of economics:

• The use of goods by humans is called consumption.
• The addition of more goods to fulfill the needs of customers is called production.
• Distribution refers to the distribution of national income that has been generated from production (import and exports).
• GDP regers to the distribution of wages, salaries and interests amongs the agents of production.

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