How is Finance different from Economics?

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