Subject of the economy

The subject of the world economy, acting as a methodological basis in a complex set of industries, has a significant impact on the development of the social sciences. The theory of economic activity, for example, according to Keynes, is not a set of already prepared recommendations that are applicable exclusively to economic policy. Economic doctrine is considered more a technique of thinking, an instrument. Science helps to deduce the right conclusions.

The subject of studying the economy is what this science is exploring . The name of the discipline is derived from a combination of two Greek words. Literally, the term "economy" refers to "the art of managing a household". This science studies economic patterns and problems.

At the same time, many experts say that in the study of this discipline, the most common problems are not laws, but economic problems. They exist and are resolved within the framework of society, within the framework of the economic system formed in it. The system itself is only a part, an element of the social system. The society is a rather complex structure. In it there is also politics, and family, and ideology, and national relations, and religion, and so on. The most important place in the social structure is occupied by the economic system.

Within the structure of management, there is an exchange, production, consumption, distribution of products, factors of production, services. All these activities at a certain stage have their significance.

The subject of the economy is studying part of the social system - the system of economic activity. This definition, however, according to some authors, is considered too general. The economic system is studied by various economic scientific disciplines. In particular, they include accounting, finance and credit, statistics, economic international relations and others. However, all these sciences are special specific disciplines. This differs from them the subject of the economy, since it covers all sectors as a whole. This is a general theoretical discipline. The subject of the economy is the basis for the development and study of other economic sciences.

This discipline studies activities that are related to money transactions and exchange between people. The subject of the economy is the everyday business activities of people, ways of extracting livelihoods, as well as methods for their application.

Economic doctrine is a social science. It explores the behavior of man and groups of people in the distribution, production, consumption and exchange of material goods. Economic theory is exploring the ways in which mankind solves problems in the consumer and manufacturing areas. According to Engels' formulation, this science examines the laws by which it becomes possible to manage the exchange and production of material values at different stages of the development of society. Marshall reduced the subject of science to the study of wealth, motivation to counteract and stimulate human action.

Economic theory deals with the study of the social relations of people within production. Science also explores the production system. The economic world is a complex structure. Within the framework of this system, there is interaction of millions of people, economic sectors, prices for services and goods, enterprises and others. In this regard, there is such a variety in determining the subject of the economy. It is quite close to different branches, disciplines. In particular, the interrelation of the economy with sociology, political science, history, psychology is noted.