Accounting vs Economics - What's the difference?
accounting | economics |
(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.
(social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
* {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
, title=
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 economics is
.accounting
English
Verb
(head)Noun
(wikipedia accounting) (-)- He was required to give a thorough accounting of his time.
Derived terms
* creative accountingeconomics
English
(wikipedia economics)Alternative forms
* (archaic)Noun
(-)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.}}
