Business and Economics
Business and Economics are relative terms where one does not exist without the other. While economics as a field encompasses broader aspects of the source of production, business involves the production and the distribution process comprised of business operations. Economics remains as an undercurrent of the entire business operations; In fact, economics is an integral part of the business that sets the strategies, planning and the policy framework for the accumulation of resources for the business operations such as the land, labor and the machinery necessary for the production. Economics with its specialized areas like banking, finance, stock and shares provide the capital investment. Study of business and economics thus involves pure and applied areas of knowledge delivery and research exploration.
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