GK
WORLD HISTORY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the branch of knowledge concerned with the production, consumption, and transfer of food.
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the branch of knowledge concerned with the production, consumption, and transfer of wealth.
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the branch of knowledge concerned with the production, consumption, and transfer of services.
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the branch of knowledge concerned with the production, consumption, and transfer of diseases.
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Detailed explanation-1: -What Is Economics? Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
Detailed explanation-2: -There are two branches of economics: microeconomics and macroeconomics.
Detailed explanation-3: -Economics is the branch of social science that studies the production, exchange, distribution, and consumption of goods and services. In general economics is a subject which deals with human behaviour . 1. “Economics is an enquiry into the nature and causes of wealth of nations."-Adam Smith.
Detailed explanation-4: -Classical economics. Classical economics is often considered the foundation of modern economics. Neo-classical economics. Keynesian economics. Monetarist economics. Austrian economics. Marxist economics. Neo-liberalism/Neo-classical. 08-Jun-2020