What is Economics and it's types.

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  WHAT IS ECONOMICS?.

It is a science of human behaviour, which deals with allocation of scare resources in such a manner that, consumer can maximize it's satisfaction, producer can maximize it's profit
and society can maximize it's welfare.

  

    TYPES OF         ECONOMICS.


                 1.MICROECONOMICS

                 2.MACROECONOMICS


           WHAT IS MICROECONOMICS?


   
  It is the study of Economic activities at individual unit like a firm and individual.
           

           WHAT IS MACROECONOMICS?



It is the study of Economic activities at aggregates of the level of economy as whole.

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