Social Sciences
1. Political Science- Political Science is more
related to the study of politics of any region.
2. Sociology- Sociology is the study of social
relationships or social activities. Sociology is
abstract and its scope is wider than
economics.
3. Anthropology seeks to answer every human
action including human-action of trade,
business, money trading, etc.
4. History (Historiography) deals with
changes over time in the complexion of
economic transactions and evolution of
economic institutions.
APPLIED ECONOMICS
What makes economics different from the other social sciences?
5. Mathematics- Calculus, linear algebra, etc.
are the fundamental implements that are
exercised by economists. Apart from these
aspects, there are several statistical models
and functions that are used in certain
economic analyses.
Economics
Economics is more related to study of
commercial activities in a particular region.
Economics is the study of only the economic
activities of man. Economics is concrete
Economics explain how human do money
related works.
Economics is a subject dealing with economic
affairs of a society, at local level to global
level. As a discipline, it has developed a set of
analytical tools, which keeps evolving.
Economic analysis generally exercises and
uses the quantitative approach and method
while assessing any information in an
economy. Quantitative approaches are defined
as mathematical computations that provide
clues for analyzing current and historical
occurrences and economic periods.
Economists have employed several types of
mathematics to make their research,
conclusions, and ideas more certain and
dependable through calculated calculations.