In simple words, Political Science is the study of the political environment, including political parties, political philosophy, Political behaviour, etc.
Key Takeaways
- Political science studies government, politics, and power, while economics concerns producing, distributing, and consuming goods and services.
- Political science is more concerned with understanding the structures and processes of government, while economics is more focused on understanding markets and economic systems.
- There is some overlap between political science and economics, as both disciplines are concerned with the allocation of resources and the impact of policies on society.
Political Science vs Economics
The difference between Political Science and Economics is that Political Science is more related to the study of politics of any region, and Economics is more associated with the study of commercial activities in a particular area.
Comparison Table
| Parameter of Comparison | Political Science | Economics |
|---|---|---|
| Stream | It is related to the arts. | It is related to commerce. |
| Fundamental difference | Political Science is the study of the politics of a country or the world. | Economics is more associated with material resources, market conditions, and demand and supply functions. |
| Concept | Political Science is a big concept comprising a region’s Economics, History, and Geography. | Economics is a small concept compared to Political Science. |
| Interdependency | Political Science is related to politics which frames the country’s economic structure. | Economics is an integral part which helps the political parties in good governance. |
| People | Political Science also involves the work done by politicians. | Economics is related to studies and research done by economists. |
| Understanding the subject | It is more theoretical and requires little understanding of Maths. | It is a bit theoretical and requires an understanding of Maths. |
What is Political Science?
Political Science studies the politics of any locality, town, state, nation or world. It involves the study of the country’s political situation, and to understand it, the student must follow the country’s History, Geography, Legal structure, Civics and demographic composition.
It helps in understanding how the nation’s politics has influenced the lives of ordinary people in that country. A person studying Political Science can become an excellent political analyst.
What is Economics?
Economics studies how a particular country produces and distributes the available resources. It is the study of economic activity at a micro and macro level.
All the commercial activities done at the micro level determine the overall economic policies framed at the Macro level.
Main Differences Between Political Science and Economics
- Nature of the subject – Political science is primarily the study of past political events, policies and personalities and the current scenario.
- Universal laws – No universal laws apply to a political science topic. There are some universal laws in economics.
- Relation – Political Science is more related to the study of politics. Economics is more associated with the study of money and transactions.
- https://www.nber.org/papers/w12398.pdf
- https://pubs.aeaweb.org/doi/pdfplus/10.1257/002205105775362069
I’ve put so much effort writing this blog post to provide value to you. It’ll be very helpful for me, if you consider sharing it on social media or with your friends/family. SHARING IS ♥️
The explanations for ‘Nature of the subject’ and ‘Universal laws’ were quite enlightening. Great insights!
Agreed, Dhughes. The article provides valuable reflections on Political Science and Economics.
The article has done well to highlight the main differences between these two important fields of study.
Absolutely, Alice Harris. The distinctions are well articulated.
I particularly appreciate how the article lays out the universal laws applicable to each subject.
I found this comparison between Political Science and Economics to be both engaging and educational.
Indeed, Hollie King. It’s a well-structured and informative piece.
The article presents intriguing differences between the nature of Political Science and Economics!
Indeed, Claire61. It helps clarify the distinctions between the two subjects.
The section on ‘What is Political Science?’ provided a clear overview of the subject, and I found it to be excellent.
Totally, Simpson Holly. The section was highly informative.
I appreciate how comprehensive the information was in this article. It’s very beneficial.
The comparison table provided in the article is really helpful to understand the key differences between Political Science and Economics.
I like how the article breaks down the concepts in a simple manner. It’s great for anyone interested in these subjects.
Yes, Gray Ava. I found it particularly informative.
The comparison between Political Science and Economics is well-structured in this article. It’s an enriching read.
The article explains some essential points about both Political Science and Economics, I enjoyed reading it.
I found the article’s takeaways to be insightful. Thanks for sharing this information!
I completely agree, Matthews Karen. The key takeaways are quite valuable.
I appreciate the explanation on the difference between Political Science and Economics, thank you for sharing these details!
This article provides a clear distinction between Political Science and Economics. I’m glad I read it.
I agree with you, Rking. This is a useful article.