Differences between Economics and economy
Economics
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Economy
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Economics
is the social science which describes the factors to determine the
production, distribution and consumption of goods and services.
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Economy is economics at
play in a certain region.
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It describes subject matter related to
economy.
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It describes boundary.
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Economics
is the branch of knowledge concerned with the production, consumption, and
transfer of goods and services.
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Economy
is the state of country or region in terms of the production and consumption
of goods and services and the supply of money.
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Eg; micro-economics , macroeconomics etc.
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Eg; Nepalese economy,
Indian economy etc.
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