How is Finance different from Economics?

Question added by Rahaf Masri , Account Sales Director , MT3 Digital
Date Posted: 2015/07/22

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by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

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.

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Philosophy of Economics, Laws and Economics, Political Economics.

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