1.

According to Prof. Mehta, clarify the difference between pure and applied economics.

Answer»

1. Under pure science, we study general theory, while under practical science, appropriate principles in the provided framework are studied. 

2. Under pure economics, the field of pure welfare is more extensive, whereas in practical economics we are in the field of worldly/material aspects. 

3. The principles are included under pure economics, while rules are included under practical economics.



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