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What is Economy
It will allow you to understand most of the topics related to economic
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Slideshow Transcript
- Slide 1: Economics Presentation prepared by Abhilash Alphonso
- Slide 2: What is meant by the term Economy •Production. •Consumption. •Exchange. •Distribution. •Saving . •Investment.
- Slide 3: Why Economic is studied ? • To deal with the economic process. • To understand the economy, economic system and economic function. • Gives knowledge to know the political problem that affect us. • Give knowledge to the government, how to frame the budget. • Helps labour leaders to solve the labour problems.
- Slide 4: Areas of economics are classified as follows:- 1. Micro economics & Macro economics. 3. Positive economics & Normative economics.
- Slide 5: 1. Micro economics and Macro economics. Micro economics:-Micro in Greek language means “small”. In micro economic the part of the component of the wh
