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classification of economics

1-Applied economics

2-Theoretical economics

i)Welfare economics

ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)

Q: What are the classifications of economics?

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Economics

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In economic terms what does market mean

This type of economics addresses the question what ought to be

This branch of economics focuses on individual areas and units of the economy

What does the flow of money determine in the circular flow model

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What type of goods are commonly used with other goods

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Which of the following questions must be answered in order to turn resources into products

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Economics

In economic terms what does market mean

This type of economics addresses the question what ought to be

This branch of economics focuses on individual areas and units of the economy

What does the flow of money determine in the circular flow model

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