Question

Nature and scope of industrial economy

Answer 1

the nature and scope of economics are related to the study of wealth or human behaviour or of scarce resource. the scope is very wide and includes the subject matter of economics whether economics is a science or an art or whether it is positive and normative science

Answer 2

Nature and scope of industrial economy

Explanation:

• An industrial economy refers to those activities that are concerned with the combined factors of production.

• Facilities, supplies and produce the material goods that are intent fr market. The process began in the 18th century and spad to the rest parts of the world.

• The three sectors of the industrial economy include the primary, secondary and tertiary sectors of the economy. These industries are classified based on the specific products and consumer markets that evolve over time.  

• The industrial economy has a broad scope and still in the process of development. Such as automation and production of outputs.

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• brainly.in/question/9018125 answered by  khushiaggarwal91.