Micro, Macro and Home Economics (A comparative analysis)

General people often misunderstood the concept of economics and usually relate economics with money. Economics is not only concern about money or financial condition, rather it emphasize on the choice human makes or decision human takes. Economics is an inevitable part of human life mainly concern about making choices. Economics is the submission of all kinds of choices human makes in every day’s life and living. Majority of the daily, weekly, monthly, yearly living and life choices a human made have nothing to do with money but still they are concerning issues of economics. Economics is broadly divided into two categories, Microeconomics and Macroeconomics. Beside these two broad classes, there is another section of economics namely the Home Economics. This article gives a first-hand knowledge and understanding to mass people about the three different sections of economics so that people can make better choices in their life and living.