The main difference between Political Science and Economics is that the Political Science is a social science concerned with the study of politics and political systems and Economics is a social science that analyzes the production, distribution, and consumption of goods and services
Political science, occasionally called politology, is a discipline of social science which deals with systems of governance, and the analysis of political activities, political thoughts, associated constitutions and political behavior.Political science is generally divided into distinct sub-disciplines, namely domestic politics and government, comparative politics (including area studies), international relations, political theory, political economy, political methodology, public administration, public policy. Furthermore, political science is related to, and draws upon, the fields of economics, law, sociology, history, philosophy, human geography, journalism, political anthropology, and social policy.
Comparative politics is the science of comparison and teaching of different types of constitutions, political actors, legislature and associated fields, all of them from an intrastate perspective. International relations deals with the interaction between nation-states as well as intergovernmental and transnational organizations. Political theory is more concerned with contributions of various classical and contemporary thinkers and philosophers.
Political science is methodologically diverse and appropriates many methods originating in psychology, social research and cognitive neuroscience. Approaches include positivism, interpretivism, rational choice theory, behaviouralism, structuralism, post-structuralism, realism, institutionalism, and pluralism. Political science, as one of the social sciences, uses methods and techniques that relate to the kinds of inquiries sought: primary sources, such as historical documents and official records, secondary sources such as scholarly journal articles, survey research, statistical analysis, case studies, experimental research, and model building.
Economics () is the social science that studies the production, distribution, and consumption of goods and services.Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements.
Other broad distinctions within economics include those between positive economics, describing “what is”, and normative economics, advocating “what ought to be”; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.Economic analysis can be applied throughout society, in real estate, business, finance, health care, and government. Economic analysis is sometimes also applied to such diverse subjects as crime, education, the family, law, politics, religion, social institutions, war, science, and the environment.
The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.