Question

Q. 4. Identify and explain the concepts from the given
illustrations :
1) Vasantsheth provides coal from his shop to farmers
in exchange for foodgrains.
2) Babanrao deposits his money in a nationalized
bank.
విభక్యం
3) Charu used her debit card to purchase a shirt for her
younger brother
4) Malathi purchased a house through an agent. The
agent accepted the commission amount in cash but
only did not issue a receipt to her.
wemo
5) To prevent misuse/fraudulent use of the national
currency, a note ban is imposed on its use at certain
times.​

Answer 1

Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.