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Economics As A Discipline (for UPSC CSE)
2 years ago
Economics can be basically classified in two groups.. Micro economics and macro economics.. MICRO ECONOMICS.. 1) study the factors of economics at an individual level.. 2) it considers the input output of a particular unit.. 3) example- the way of teaching by a teacher.. MACRO ECONOMICS.. 1) Study the factors of economics together for all the individuals.. 2) it analyse the input output and all other factors together for all the individual unit (a wholesome) 3) example- the way of teaching adopted by teacher.. the impact it has on the students.. overall result the student is bringing.. etc..