The given equation is a first-order differential equation because it involves only the first derivative of \( y \) with respect to \( x \).
Step 1: Classification of Order
The order of a differential equation is determined by the highest derivative present. Since the highest derivative here is \( \frac{dy}{dx} \), the equation is a first-order equation.
Step 2: Linear or Non-linear
This equation is a non-linear differential equation because the dependent variable \( y \) is multiplied by its derivative, making the equation non-linear. If the equation involved only linear terms (e.g., \( y' + p(x)y = q(x) \)), it would have been linear.
Final Answer:
\[
\boxed{\text{(C) First order, (B) Non-linear}}
\]