Question

) Generally, in which three parts economics is discussed ? ​

Answer 1

Answer:

Three distinct components of economics are consumption, production and distribution.

Answer 2

Answer:

Economics is generally discussed in three parts namely

1. Consumption

2. Production

3. Distribution

. CONSUMPTION -- It is one of the major concepts in economics. In simple terms, consumption is expenditure for acquiring necessary utilities.

. PRODUCTION -- It is basically a combination of raw materials to create a product for consumption.

. DISTRIBUTION -- It is the distribution of wealth or output to the resources of production or among individuals.