What are the various fields of Economics

Question

What are the various fields of Economics? Explain.

Answer 1

A. Economies in the production: This arises term as follows:

Technological advantages and Advantages of separation of labour and specialization

B.  Economies in the marketing:

This facilitates with: Large scale purchase of inputs and Advertisement economies and Economies in large scale distribution as well as other large-scale economies.

C. Managerial economies: This achieves with: Specialization in management and Mechanization of managerial function.

D. Economies into storage and transport

Economies in transportation and storage costs occur form fuller make use of transport and storage facilities.