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define the subject matter of economics

Asked by karanjagmama769 20th July 2019, 9:21 PM
Answered by Expert

The subject matter of economics is divided into:

a) Microeconomics – It studies the behaviour of individual units of an economy. For example price of a commodity.

b) Macroeconomics – It studies the behaviour of aggregates of an economy as a whole. For example national income.

Answered by Expert 22nd July 2019, 9:45 AM
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