There is a significant difference between economics and finance. To understand the differences we must understand each of the categories and learn their fundamental principles.
Finance is a fund management science. There are three general areas of finance : business finance, public finance and personal finance. The basic principle of finance is saving money and lending money. These operations are accomplished with the help of financial institutions. The science of finance deals with the interrelation of the concepts of time, risk and money.
Economics is a social science. The science of economics studies the production, consumption and distribution of services or goods. The science of economics is trying to explain how economies work and how do different economies interact. The analysis of the science of economics is applied in various fields like finance, business, government, education, law, politics, social institutions, science and many more.
The main difference between economics and