• What does economics mean?
  • Economics or “economy” is a scientific discipline that examines these activities with the whole of activities related to production, distribution, consumption, trade, change and distribution.


  • The fact that the available resources are limited and the human needs are unlimited is the reason for the emergence of economics. Economic intelligence is a science that does not care about the relationship between people because of the choices they make and because of their preferences because of the scarcity of resources.


  • An activity as a whole is closely related to the structure of economics or economy, the history of civilization, and internal structures.


  • More generally, the question of how economic societies will prosper and welfare levels will increase is the answer. Concepts such as policies, unemployment, inflation, production level to be followed in this process fall into the field of study of economics.


  • Word Etymology
  • The word “economy” can be traced back to the word “the ruler of a house” from the words “house” and “distribution (more in terms of management)”. Economics also refers to “a family or household“, but at the same time it refers to “prudence“, “governance“, “administration“, “regulation” and “public benefit of a state“.


  • Branches of Economics
  • Economics or economics as a science branch has been established to enable resources to be used more efficiently because the resources on earth are limited and human needs are unlimited. Economics is divided into branches according to the topics and scope examined:






  • Normative Economics: Economics, which sees a situation as a target and produces ideas on how economic order should be. Normative economics explores what needs to be done for the identified targets. Internal justice explores what needs to be done for high-level prosperity.


  • Positive Economics: Economics that only examines the economic order within the cause-and-effect relationship and seeks to determine the continuous laws in economics. “How does increase in demand affect inflation?” Such as the questions are answered. “At what level should inflation be kept?” Question is a matter to be examined by normative economics.


  • Microeconomics: The economic behavior of consumers and firms; Need, utility, value, price concepts. It also explores the types of markets, the mechanism of market operations, and how firm balances are formed in different market conditions. In a simpler way, a company or a consumer is an economist who individually examines his / her own work and external economic relations.


  • Macroeconomics: The country is a branch of economics that examines topics of interest to economics and world economics. It examines issues such as employment, inflation and public balance.


  • Lower branches of economics
  • Microeconomics
  • Macroeconomics
  • History of Economics
  • History of economic thought
  • International Economics
  • Turkish economy
  • Development economics
  • Public economics
  • Political economics
  • Environmental economics
  • Industrial economics
  • Study Economics
  • Agricultural economy
  • New Economy
  • Tourism economics
  • Mixed Economics
  • Business economics
  • Democracy
  • World economy
Author: wik Date: 9:17 pm
Social sciences and society

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