#1  
20th November 2012, 03:25 AM
Praiseworth
 
Join Date: Nov 2012
Posts: 2

Difference between Political Science and Economics


Difference between polital science and economics...please provide to me the details





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  #2  
20th November 2012, 07:31 AM
tash1907
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Join Date: Jun 2012
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Default Re: Difference between Political Science and Economics

Hi Friend..........

Political Science is all about the distribution of authority in society. Politics can involve both state and non-state actors ex, churches, clubs, organisations and, in these groups, people use politics as the means to make social decisions. These social decision often reflect values, relations, or means people have available to them.

Economics, on the other side, is the social study of the allocation of scarce resources, going from buying a good in a supermarket in a way that our happiness level is going to be at its top (i.e. buying ice cream instead of chocolates, because we want ice cream more), to creating policies to increase the amount of food delivered to poor communities (this is done by the government)

In sum, both deal with the distribution of a system in society, but politics centres on authority between parts of it whereas economics deals with resource. Often, the two can overlap, especially where the allocation of resources depends on the relations of individuals or vice-versa

regards......
Tash
  #3  
20th November 2012, 03:11 PM
sbhndsen
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Join Date: Sep 2012
Location: Kolkata, West Bengal
Posts: 94
Default Re: Difference between Political Science and Economics

As I am guessing here Economics means you are querying for Political Economics.....
Political science is the study of politics using scientific methods. It deals mainly with the description & analysis of political and especially the governmental institutions and processes....

While Political economy, in the modern sense, refers to the application of economic methods, especially rational choice theory, to non-economic problems, such as politics.

In sum, both deal with the distribution of a system in society, but Political Science centres on authority between parts of it whereas economics deals with resources.
  #4  
20th November 2012, 05:03 PM
b.deepak365
Junior Member
 
Join Date: Oct 2012
Posts: 12
Default Re: Difference between Political Science and Economics

Politics is all about the distribution of authority in society. Politics can involve both state and non-state actors (e.g.) churches, clubs, organisations) and, in these groups, people use politics as the means to make social decisions. These social decisions often reflect values, relations, or means people have available to them.
Economics, on the other side, is the social study of the allocation of scarce resources, going from buying a good in a supermarket in a way that our happiness level is going to be at its top (i.e buying ice cream instead of chocolates, because we want ice cream more), to creating policies to increase the amount of food delivered to poor communities (this is done by the government)

In sum, both deal with the distribution of a system in society, but politics centres on authority between parts of it whereas economics deals with resources. Often, the two can overlap, especially where the allocation of resources depends on the relations of individuals or vice-versa.
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  #5  
20th November 2012, 10:03 PM
josh98
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Join Date: Mar 2012
Location: siddipet
Posts: 4,734
Default Re: Difference between Political Science and Economics

Hi friend......

The main difference between the Political science and Economics is the economical side says the economics and politics describes the political science.

Political science is all about the distribution of authority in society. The social decision often reflect values and relations, means people have available to them.politics can involve both state and non state actors. churches ,clubs, organisations.

Economics, on the other side, is the social study of the allocation of scarce resources, going from buying a good in a supermarket in a way that our happiness level is going to be at its top (i.e. buying ice cream instead of chocolates, because we want ice cream more), to creating policies to increase the amount of food delivered to poor communities.

In sum both deal with the distribution of a system in society. Often the two can overlap, especially where the allocation of resources depends on the relations of individuals or vice-versa.
Reply With Quote
  #6  
23rd November 2012, 12:07 PM
nellipudi.santhoshkumar
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Join Date: Jul 2012
Posts: 2,465
Default Re: Difference between Political Science and Economics

Hai,

Political Science:


**Political Science is all about the distribution of authority in society.
**Politics can involve both state and non-state actors ex, churches, clubs, organisations and, in these groups, people use politics as the means to make social decisions.
**These social decision often reflect values, relations, or means people have available to them.

Economics:


**Economics, on the other side, is the social study of the allocation of scarce resources, going from buying a good in a supermarket in a way that our happiness level is going to be at its top.
**To creating policies to increase the amount of food delivered to poor communities
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