Accounting vs Economic - What's the difference?
accounting | economic |
(accounting) The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
A relaying of events; justification of actions.
Pertaining to an economy.
* {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
, title= Frugal; cheap (in the sense of representing good value) ; economical.
Pertaining to the study of money and its movement.
' Economical is preferred when referring to thrift or value for money.
As a verb accounting
is .As a noun accounting
is (accounting) the development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.As an adjective economic is
economic.accounting
English
Verb
(head)Noun
(wikipedia accounting) (-)- He was required to give a thorough accounting of his time.
Derived terms
* creative accountingeconomic
English
Alternative forms
* economick (archaic) * (archaic) * (obsolete)Adjective
(en adjective)Boundary problems, passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.}}
Usage notes
Modern usage prefers economic' when describing the economy of a region or country (and when referring to personal or family budgeting).' Economical is preferred when referring to thrift or value for money.