Question

what are the two subfields into which economics is divided? Explain what each subfield studies. ​

Answer 1

Answer:

Economics is such a broad field of study that it is broken down into two subfields: microeconomics and macroeconomics.

Answer 2

Economics is such a broad field of study that it is broken down into two subfields: microeconomics and macroeconomics

• Two major types of economics are

microeconomics, which focuses on the behavior of individual consumers and producers, and macroeconomics, which examine overall economies on a regional, national, or international scale

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