what is economics
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Economics is a subject that is concerned with the production, distribution, and consumption of goods and services.
- Economics is one of the main subjects of Social Sciences.
- In 1933, the whole of economics has been divided into two parts as Micro Economics and Macro Economics by Ragnar Frisch.
- Micro and Macro words are derived from two Greek words 'mikros' and 'makros' which means small and large respectively.
- Micro Economics studies the actions of small businesses. It mainly deals with a specific business or individual.
- Macro Economics studies the actions of the whole economy but not a single unit. It deals with National income, poverty, unemployment, etc.
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Answer:
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Explanation:
♥♥♥♥the study or principles of the way money, business and industry are organized
मुद्रा, व्यवसाय और उद्योग की संगठन रीतियों के सिद्घांतों का अध्ययन; अर्थशास्त्र
Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Wikipedia♥♥♥♥♥
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