Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How is Finance different from Economics?

Economics Finance
user-image
Question added by Rahaf Masri , Account Sales Director , MT3 Digital
Date Posted: 2015/07/22
Upvote (0) Views (3) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Saidul Alam
by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Defination

                                                            

Economics is a social science that studies the management of goods and services, including the production and consumption and the factors affecting them.

 

Finance is the science of managing funds keeping in mind the time, cash at hand and the risk involved.

Branches

Branches of economics include macro and micro economics.

Branches of finance include personal finance, corporate finance and public finance.

 

Management

Profession economists are hired as consultants by private and public sector.

 

Finance is managed by individuals in families or by banks or other institutions.

 

Related Courses

 

Philosophy of Economics, Laws and Economics, Political Economics.

 

Accountancy, Chartered Financial Analyst and other

Write Your Answer
More Questions Like This