Question

give definition of economics​

Answer 1

Answer:

The study or principles of the way money, business and industry are organized.

Answer 2

Answer:

Management of a individual or family management us known as economics.

The word economic comes from the Greek word ‛oikonomia’ which means family management. Adam Smith was the founder of economics.There is a lot of similarity between family management and economics. There are three types of economy in the Global level

• Capitalist Economy

• Socialist Economy

• Mixed Economy

In India prime minister Pandit Jawaharlal Nehru had selected mixed economy.

Hope it helps you......