What is the difference between politics and economics?
Oftеn times thе boundaries between politics аnd economics seem blurred, particularly whеn іt comes tο governmental сhοісе mаkіng.
Oftеn times thе boundaries between politics аnd economics seem blurred, particularly whеn іt comes tο governmental сhοісе mаkіng.
The difference is the same as that between insanity and sanity.
Economics are a fact, politics is b.s.
Economics = Supply & Demand
Politics = “who we gonna lie & steal from today”
Politics is the exercise of power. Economics is the concept and use of money. They are interrelated, but not the same.
All other answers are incorrect.
Economics is not fact.
Economics is not supply and demand.
Or sanity, on insanity.
Economics is a study of, generally, value, not typically in the form of money, but more often in the form of utility which is a way to measure happiness as a unit.
Economics can be used to dictate policy, but is not politics. Many policy advisers are economists who look to evaluate plans and actions. Economics ranges far from politics, but is famously used to advise of policy decisions.