What's the difference between economics and finance?

Economics


Definition:

  • (n.) The science of household affairs, or of domestic management.
  • (n.) Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political.

Example Sentences:

  • (1) The recent rise in manufacturing has been welcomed by George Osborne as a sign that his economic policies are bearing fruit.
  • (2) An “out” vote would severely disrupt our lives, in an economic sense and a private sense.
  • (3) Of course the job is not done and we will continue to remain vigilant to all risks, particularly when the global economic situation is so uncertain,” the chancellor said in a statement.
  • (4) The west Africa Ebola epidemic “Few global events match epidemics and pandemics in potential to disrupt human security and inflict loss of life and economic and social damage,” he said.
  • (5) He had been extremely frustrated that indicators of economic recovery over the past few days had been drowned out by the clamour over the Labour leadership.
  • (6) "There is … a risk that the political, trade, and gas frictions with Russia could lead to strong deterioration in economic relations between the two countries, with a significant drop in Ukraine's exports to and imports from Russia.
  • (7) There was a 35% decrease in the number of patients seeking emergency treatment and one study put the savings in economic and social costs at just under £7m a year .
  • (8) It is widely seen as a counter to China’s economic might in Asia, and the world’s second largest economy is notably absent from the list of signatories.
  • (9) From the social economic point of view nosocomial infections represent a very important cost factor, which could be reduced to great deal by activities for prevention of nosocomial infection.
  • (10) He said Germany was Russia’s most important economic partner, and pointed out that 35% of German gas originated in Russia.
  • (11) "These developments are clearly unwarranted on the basis of economic and budgetary fundamentals in these two member states and the steps that they are taking to reinforce those fundamentals."
  • (12) It did the job of triggering growth, but it also fueled real-estate speculation, similar to what was going on in the mid-2000s here.” Slowing economic growth may be another concern.
  • (13) October 23, 2013 3.55pm BST Another reason to be concerned about the global economy - Canada's central bank has slashed its economic forecasts for the US.
  • (14) The district’s $110bn of economic activity went up by 22% since 2007, outpacing city growth by 9% during the same period.
  • (15) Socio-economic improvement or behavioural changes appear necessary for the control of trachoma in endemic areas.
  • (16) Biomass and crops for animals are as damaging as [burning] fossil fuels.” The recommendation follows advice last year that a vegetarian diet was better for the planet from Lord Nicholas Stern , former adviser to the Labour government on the economics of climate change.
  • (17) To safeguard its long-time regional ally, Iran gave full political, economic and military backing to the embattled Syrian president.
  • (18) Based on the economics of most countries in Africa, their Health Budgets can afford mostly the non-opioid and strong opioid drugs in more or less adequate quantities.
  • (19) He elaborates: "Republicans use powerful economic wedge issues to great impact.
  • (20) Documents seen by the Guardian show that blood supplies for one fiscal year were paid for by donations from America’s Office of Foreign Disaster Assistance (OFDA) and Britain’s Department for International Development (DfID) – and both countries have imposed economic sanctions against the Syrian government.

Finance


Definition:

  • (n.) The income of a ruler or of a state; revennue; public money; sometimes, the income of an individual; often used in the plural for funds; available money; resources.
  • (n.) The science of raising and expending the public revenue.

Example Sentences:

  • (1) In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which stands at 100% of annual national income.
  • (2) Of the five committees asked to develop bills, four have completed their work, and the Senate Finance Committee announced today that it will move forward next week.
  • (3) Problems associated with school-based clinics include vehement opposition to sex education, financing, and the sheer magnitude of the adolescents' health needs.
  • (4) 2010 2 May : In a move that signals the start of the eurozone crisis, Greece is bailed out for the first time , after eurozone finance ministers agree to grant the country rescue loans worth €110bn (£84bn).
  • (5) In a poll before the debate, 48% predicted that Merkel, who will become Europe's longest serving leader if re-elected on 22 September, would emerge as the winner of the US-style debate, while 26% favoured Steinbruck, a former finance minister who is known for his quick-wit and rhetorical skills, but sometimes comes across as arrogant.
  • (6) It is anomalous that the world is equipped with global funds to finance action on infectious diseases and climate change, but not humanitarian crises.
  • (7) There is a European Investment Bank, a Nordic Investment Bank and many others, all capitalised by states or groups of states for the purpose of financing mandated projects by borrowing in the capital markets.
  • (8) The public finance forecasts are linked to those growth predictions, since stronger growth means healthier tax receipts and lower spending on unemployment benefit and other welfare measures.
  • (9) George Osborne’s eighth budget is unlikely to be a radical affair , as the state of the public finances and the upcoming EU referendum limit the chancellor’s room for manoeuvre.
  • (10) Doubts about Hinkley Point have deepened after a detailed report by HSBC’s energy analysts described eight key challenges to the project, which will be built by the state-backed French firm EDF and be part-financed by investment from China .
  • (11) One of the big sticking points is cash – with rich countries so far failing to live up to promise to mobilise $100bn a year by 2020 for climate finance .
  • (12) Terrorist groups need to be tackled at root, interdicting flows of weapons and finance, exposing the shallowness of their claims, channelling their followers into democratic politics.
  • (13) For more than half a century, Saudi leaders manipulated the United States by feeding our oil addiction, lavishing money on politicians, helping to finance American wars, and buying billions of dollars in weaponry from US companies.
  • (14) Mallon's finance and resources director, Paul Slocombe, thinks Pickles's argument is "slightly disingenuous" because the funding was part of the last spending review, which ends on 31 March.
  • (15) Osborne sought to turn the crisis to his advantage, however, telling parliament that falls in bond yields – the interest rate the government pays on its debts – were a "huge vote of confidence" by international investors in the coalition's plans to repair the public finances.
  • (16) After sterilisation of mentally diseased patients had been legally enforced and finances were restricted, family care stagnated, promoting instead a type of family care that was independent of psychiatric hospitals and was carried out on a "district" basis.
  • (17) Continuing pressure on household finances during the next 12 months will no doubt remain a constraint."
  • (18) The film was shot in Monastir, Tunisia, for $4m, with financing from George Harrison's HandMade Films company, and each of the Pythons plays at least three roles.
  • (19) "But if public opposition to further austerity measures hardens, the Greek government could find it even tougher to put the public finances back on a sustainable footing."
  • (20) And that's why I was the first G20 finance minister to introduce a permanent tax on banks – because it's fair that they help clear up the mess they did so much to create.