Introduction to Economics and Finance

🙏नमस्ते🙏

Daily life मे Economics and Finance in दोनो topics k bare me हम थोडा -bohot सुनते hi रहते है l Most of us think that ye दोनो topics same hi hai ya फिर these terms are used as an alternative to each other but fact is that both topics have different aspects. To चलिए थोडा आसान भाषा me samazte है l

Animals 🐅 🐘 and plants 🌿 have limited needs और इसीलिए wo apni needs ko खुद से ya फिर nature की help se satisfy kr sakte है but human needs are unlimited. हमारी needs ko satisfy karne k liye हम nature k साथ साथ other human beings pe भी depend karte है और isi wajah se काफी समय se हम humans co-operation मे kam कर rahe है l पुराने जमाने मे humans ek particular चीज ko surplus me produce करते थे और दूसरे humans के sath exchange करते थे इससे सभी ki needs satisfy hoti थी l Jo system हमने discuss ki है उस system ko theoretical terms मे “Barter system” कहा जाता है l

Ye पूरा concept Economics के under cover hota है l Kuch समय बाद surplus production ko store करने me problems ane लगे. Barter system मे एक और main problem था -“that there was no standardized rate of exchange”. To solve this problem, humans developed what is called “money”. Money management को theoretical terms मे Financial Management कहा जाता है l Ye पूरा concept finance के under cover होता है l Finance मे हम financial management को detail मे study करते है l अब in सब concepts को थोडा detail me समझते है l

🔆 Economics

Economics is the subject in which we study the economy of the country, state and the region, distribution of goods and services, production, consumption, etc. Economics is a social science but Modern Economics me quantitative aur heavy mathematics का भी इस्तेमाल kiya जाता है l Economics की 2 primary branches है l
1. Micro Economics
2. Macro Economics
Country ke financial network मे Economics backbone ki तरह काम करता hai. Movement of money in the market, Demand and Supply theories, monetary policies, etc. commodities और products के price को कै से effect करते है ye हम economics मे study karte है l

🔆 Finance

Money, banking, assets and liabilities, investment risk and returns, optimum use of money, credits और भी bohot sare topics study करता hai finance subject. अगर economy ek body hai to finance heart ya veins ka काम करता है. Finance economy के survival k liye important के sath sath essential factor है l
Finance मे 3 important factors होते है l
1. Public finance jisme government expenditures, budget procedures, stabilization policy and instruments, debt issues and other government concerns को study kiya जाता है l
2. Corporate finance जिसमें business functions जैसे की managing assets, liabilities, revenue and debt को study kiya जाता है l
3. Personal finance जिसमें financial decisions, activities of an individual or a household, including budgeting, insurance, mortgage planning, saving and retirement planning जैसे और भी topics include होते है l

🔆 Difference Between Economics and Finance

कुछ important differences नीचे दिए गए है l
1. Economics मे हम consumption, exchange of products and services, production, transfer of wealth, etc. जैसे topics study करते hai. Finance मे हम उपर discuss kiye gaye topics के utilization pr focus करते है l
2. Agriculture, infrastructure, industry, service sector and different sectors की study Economics मैं होती है l Finance मे allocation of the fund, assessing of the value of financial instruments, determination of fair value for a wide range of investment products ki study होती है l
3. Economics ki study करते समय Economists के द्वारा बनाए गए theories को पढ़ा जाता है, और Finance मे Financial analyst के द्वारा बनाए गए theories का इस्तेमाल होता है l
We will cover overall topics from Economics as well as Finance in upcoming blogs.
तब तक पढ़ते रहिए l Happy Reading………

ll 🙏धन्यवाद🙏 ll

-j₹k, p$m.