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It is significant to note that amidst numerous branches and subfields, broadly economics is classified into two mainbranches, namely--microeconomics and macroeconomics.
Microeconomics is a branch of economics that studies the behavior of how the individual modern household and firms make decisions to allocate limited resources. Typically, it applies to markets where goods or services are being bought and sold.
On the other hand, macroeconomics involves the sum ...
First it is significant to note that development economics is a branch of economics, which deals with economic aspects of the development process in low-income countries. Its focus is not only on methods of promoting economic growth and structural change but also on improving the potential for the mass of the population, for example, through health and education and workplace conditions, whether through public or private channels.
Economic development and ...