Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
What Is The Relationship Between Economics And Finance?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Kingsley, post: 209839, member: 30278"] Economics and finance are two subject that are strongly interrelated and they are interwoven. Because they share alot of principles and concepts but there is something about economics that makes it all encompassing beyond the scope of just finance. I can safely say finance is actually an aspect of economics. Finance as it stands deals with the figures and all other concept that is more related to accounting and accountability while economics is a subject that does not just study the figures but also looks in human behaviour and how they relate with the figures. Economics principles adopts scientific methods in carrying out it research and procedures. When we consider the concept of opportunity cost; the finance man or woman will define it as opportunity forgone while the economist will define it as the next best opportunity forgone, in the accounting for profit the finance person doesn't take opportuniy cost concept into consideration hence their profit margin always look higher than that of an economist who always take into account the opportunity cost, which result into a lower profit figure. Economics is more broader than finance, as most of the concept of finance is drawn from economic assumptions and principles . [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
What Is The Relationship Between Economics And Finance?
Top