Managerial Finance in the Corporate Economy
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Business administration - Wikipedia
Both accountants and economists help businesses, industries, and governments to strategize and plan, make sound financial decisions, and set fiscal policies. Professionals in both fields base their analyses and projections on real-life markets, conditions, and events.
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Login Newsletters. Accounting vs. Economics: An Overview Accounting and economics both involve plenty of number-crunching. Key Takeaways Accountants track the flow of money for businesses and individuals. Economists track the larger trends that drive money and the resources that money represents. Both help businesses and governments plan for the future, make sound financial decisions, and set fiscal policies.
Economics is broadly divided into two areas of study:. Macroeconomics is concerned with the distribution of resources within an ecosystem, such as a nation. It includes the tracking and study of the many factors that affect how efficiently the economy works, such as the inflation rate and the productivity rate.
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Microeconomics is the study of the behavior of the individual within an economic ecosystem, or of any other single entity such as a business. It is concerned with the impact of individual decisions on the distribution of resources. Compare Investment Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles.