what is economics? and what is two parts of economics?
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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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- Economics is "the social science that studies the production, distribution, and consumption of goods and services." Economics focuses on the behaviour and interactions of economic agents and how economies work.
2. Economics is divided into two categories:
microeconomics and macroeconomics Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments.
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