state related branch of economics for (a) Cotton textile industry (b) ...
(a) The state related branch of economics for the cotton textile industry would be industrial economics or industrial organization. This branch focuses on the behavior and structure of industries, including the analysis of market concentration, market power, and government policies that affect industrial performance.
(b) The state related branch of economics for price determination of a commodity would be microeconomics. Microeconomics examines the individual decision-making units (consumers and firms) and how their interactions in markets determine prices and quantities. It includes the study of supply and demand, price elasticity, market structures, and government interventions such as price controls or subsidies.
state related branch of economics for (a) Cotton textile industry (b) ...
Economic analysis is usually divided into two main branches, microeconomics and macroeconomics. Microeconomics studies how individual people and businesses function in specific situations, while macroeconomics studies how the entire economy of a nation, or even of the world, functions.
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