The principles of economics

economy is one of the sciences that are directly related to the practice of each person, that is, science is empirical.In their daily activities, each individual is faced with different economic phenomena.Any of us are working or studying, increases skills, receives income, pays for the services, refers to the market, the growth track, falling prices, etc.Therefore, the object and function of economics is the study of economic man, "homo ecoonomics", his interests and activities relating to the scope of the economic life of society.

principles of economics is based on a study of ways to maximize the use of limited resources, which include the labor reserves and natural resources, capital and other tangible assets.Like other sciences, economics appeals to a set of axioms and proofs, used for the analysis under specific conditions.But the national economy color may not have, as well as does not happen, for example, an American or English Mathematics Physics.After all, prices for goods and services everywhere are dictated by the ratio of supply and demand, the growth of income leads to reduced consumption of its parts and to increase accumulated.

But the principles of economics are also a significant difference from the basic provisions of the natural and exact sciences.And this difference is that economics does not deal with the individual subject, living in isolation on a desert island, and a member of the society, which has its own traditions, the mentality has national flavor, as, indeed, and the political system.That is why the economist toolkit should be country-specific.

Subsection economy is economic sociology, combining the principles of sociology and economics.The purpose of economic sociology - to combine the principles of the two sciences.Economics studies the production and consumption of groups of goods and services on the market, analyzes the supply and demand for certain types of goods and services, is studying the economic behavior of the subject in society, the movement of money and capital.A sociology develops behaviors of different groups in the economic situation and examines the economic forces that may affect the life of society.It is this science that combines the principles of economics and problems of sociology, economic sociology is called.

Economics presented its two basic branches: microeconomics and macroeconomics.

growth and development of any science is formed based on foundations laid in it by the founders and the founders of this type of science.The economy in this sense, is no exception, and modern economics is based on the theory of microeconomics, which was created by the great economists of the past.The principles of microeconomics, as the principles of economics, based on the study of laws and industrial relations between buyers and sellers, between employer and employee.

With the advent and development of new forms of production and economic relations in the 20th century, a new science - the macroeconomics.It is designed to study such phenomena in public relations, as the study of the inverse relationship between inflation and unemployment, between the growth in the EP and bank interest, between inflation and the depreciation of the domestic currency, etc.The study of these macroeconomic aspects of the economic activity of the person is required in order to be able to anticipate changes in market conditions, government measures are likely to change in different situations of economic balance, control the direction of the economy on a national scale.