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Economics, macro and micro, deals with modeling and understanding how the creation and use of resources function. Whether the econ is macro or micro simply depends on the scope of the modeling and study.
While micro-economics, with the narrow personal scope, will deal in part with money and, therefore, be a financial issue, micro-economics will also address how effectively and efficiently personal resources like car, house, clothes, food, etc. are used.
So the short answer is...finance deals with money only; economics deals with money and all the other resources.
Duane Anymouse
Moriah Grady
Wiki User
∙ 14y agoEconomics is a discipline that studies trade across all similar and dissimilar markets.it is a social science that deals with concepts like price and demand.
Finance is a subset of economics that studies the financial markets. The financial market is a market that brings together borrowers and lenders to allow them to trade.it can also be called a fund management science that deals with how the funds are allocated or arranged for in a institution.
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