What are the various fields of Economics
What are the various fields of Economics? Explain.
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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.
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