Difference between economics and finance

There is a significant difference between economics and finance. To understand the differences we must understand each of the categories and learn their fundamental principles.

Finance is a fund management science. There are three general areas of finance : business finance, public finance and personal finance. The basic principle of finance is saving money and lending money. These operations are accomplished with the help of financial institutions. The science of finance deals with the interrelation of the concepts of time, risk and money.

Economics is a social science. The science of economics studies the production, consumption and distribution of services or goods. The science of economics is trying to explain how economies work and how do different economies interact. The analysis of the science of economics is applied in various fields like finance, business, government, education, law, politics, social institutions, science and many more.

The main difference between economics and finance is that finance focuses entirely on the maximization of wealth. On contrary to the finance, economics focuses on the optimization of valued goals. If we understand the facts this way we can say that finance is a subset of economics.

Finance is focusing on the management of money and assets. Financial courses are teaching how asset market works and economics courses are teaching optimization rather than focusing. The terms of finance and economics are often used in everyday speak and press interchangeably. The best words for describing these sciences would be socio economics and socio finance. The word socio would describe the social aspects of the problem.

Using only the basics from both economics and finance, we can say that finance is the study of the financial markets. The financial markets are coordinating the interests of the lenders and borrowers that are doing business in the market. The study of economics is more the study of the goods and services which are circulating in the same market.

There are various types of finance, the most mentioned types are the following :

Personal finance – the personal finance revolves around the finance of an individual or a family. The main questions of personal finance are about the amount, origin, security and taxation of the money needed for the specific individual or family for their survival.
Corporate finance – corporate finance is a process of providing the necessary funds essential for the activities of the corporation.
State finance – the financial activities of a country, state or city are called state finances or public finance.

Also we can find various types of economics too. The most mentioned types of economics are :

Microeconomics – microeconomics studies interactions between individual markets. Beside the markets, microeconomics is focusing on specialization and supply and demand relations.
Macroeconomics – macroeconomics is targeting the same objects like microeconomics just on a larger scale. It is not focusing on single, individual markets but on large, national variables. These variables can be national income and output, price inflation and unemployment rate.

Read more: Difference Between Economics and Finance | Difference Between | Economics vs Finance http://www.differencebetween.net/business/difference-between-economics-and-finance/#ixzz16hb7UPfi

Faith welcomes you with hugs and licks! 美国《人物》周刊封面"人物"——它是一条两条腿像人类直立行走的狗 Faith 爱让生命完整！

http://faiththedog.info/content/faith-welcomes-you-hugs-and-licks

Faith is an incredible dog. She was born just before Christmas in 2002, and we were lucky enough to have her in our family just 3 short weeks later. She was born to a mother dog, believed to be nearly full blooded Chinese Chow Chow, along with several other siblings. Faith wasn't the only puppy born with deformities, but because "Princess", her mother, was not our dog, we are not sure of the exact number of puppies she gave birth to. It is certain, however, that Faith was the only puppy with deformities to live.

Faith was rescued by my son Reuben on January 21, 2003, when he and his friend Johnny, the owner of Princess, jumped over the fence of the flea market area that Princess was raised to guard. Princess isn't exactly the mothering kind. She was literally terminating Faith's life because she knew instinctively that Faith was unable to battle the other puppies for a place to feed. Faith was weak, small, runtish, and mostly she was nearly dead. Reuben grabbed Faith out from under Princess and smuggled her under his jersey. He wore #63 for the Putnam City Pirates football team. 

When Reuben brought Faith to us she had 3 actual legs, but the left front leg was badly deformed, placed backward, upside down, and it had more toes on it than normal dog legs. The leg was removed when she was 7 months old when it began to atrophy. People ask me if it was easy to teach Faith to walk upright...the answer is NO! It was not easy, and it was not natural. It was SUPER natural, and therefore, we have to give all of the credit to Jesus. Of course, it took a little....Faith as well.

What you  may or may not realize is that Faith was given an Honorary Commission as an E5 SGT in the U.S. Army in June 2006.  She was commissioned out of Ft. Lewis near Seattle, WA.  There were many many soldiers and civilians in attendance who cheered her on as she accepted her Commission. It was just suppose to be for an hour, but you know, when you're in the Army you're IN the Army. She proudly holds her head up - wearing her custom made ACU jacket (Thanks Jason) with the American flag and the Department of Defense patch as well. She is a therapy dog, and that is also reflected on the ACU jacket.  She actually out ranks my son who is at this time an E4 Specialist.  Faith can not be deployed and she enjoys no official benefits...but she gives a lot of love and encouragement to the men and women of our Armed Forces - all branches.  Hooah!

                   2008年末，美国《人物》周刊破天荒地让一条狗登上了它的封面。 《人物》周刊对这条狗这样描述：“它是降临在浮躁的美国的一种力量；它是笃定而欢快地照耀在任何一位迷失者前方的一盏路灯；它是早就藏好了眼泪和悲伤、只表露笑容与歌声的一种幸福。它的名字叫Faith（信念），它是一条狗，它是一条两条腿、像人类一样直立行走的狗。”                                               

       这只用两条腿走路的狗名叫Faith(信念)，出生于2002年圣诞节的前夕。它出生时共有三条腿--两条健全的后腿和一条开始萎缩的前肢(前肢后来用手术除掉)。出生不久的Faith并不能正常走动而只能躺在地上用两爪推动身体，甚至连它的狗妈妈也因为觉得它是弱者而尝试要杀死它。Faith的第一个主人认为这只不能走动的狗绝不可能存活下去，因此考虑要把它人道地安乐死。

                  

      幸好，这时美国俄克拉何马州的一个家庭(也是Faith以后至今的主人)发现了Faith并愿意领养照顾它。他们决志要把这狗训练成能走路的狗，因此就帮它取名为Faith(信念)--他们深信Faith终会有能走路的一天。刚开始时他们把Faith放在滑板上让它感受移动的感觉。

                      

       后来她把花生牛油酱放在调羹上作为它站立和跳跃的诱惑和奖赏，而家中的另一只哥基犬也似乎常常想要强迫它去走动。等到Faith渐渐熟悉用两腿站立时，她开始训练 Faith 跳跃行走。

                        

       奇迹地，Faith渐渐学会用两条腿平衡和跳跃式地前进，最后经过雪地中等的训练，Faith已经可以跟人一样用两腿步行，中间也就只花了不用六个月的时间。     

              

                                  Faith 还喜欢跟着 Jude Stringfellow 外出

                                        

                

                                Faith 无论走到哪里都会引起人们的惊奇和关注

                

                站起来的感觉多好啊！ Faith 无比忠诚、不辞辛劳地到达任何一个需要它的地方

         

                      它的眼神如母亲一般慈祥贴心，喜欢和孩子们一起玩赛跑的游戏

                                            

                               它去医院去慰问那些身受重伤的人，给他们战胜病魔的勇气

                  

  在少管所， Faith 矜持而严肃地走路，一步一个脚印，用力挺直身躯，那些顽劣的孩子被它感动得泪流满面

                 

                                       Faith 为那些孤独的老人带去了久违的欢笑

                                           

它还成为美国受伤士兵的“心理医生。”它身着迷彩服，就像是一个坚强的战士，接受饱受战乱伤害的士兵的拥抱

                

                                                 Faith把欢笑带给人们

                                   

      Faith 做到的，我们人类自己不一定能够做到，这就是 Faith 给我们人类上的很好的一课。不能四条腿行走也没关系，那就直立起来。站起来行走，看到的是更远的风景！无论上天赐予给自己的是一种什么样的形象，只要不放弃，就同样有飞翔的翅膀。

                            

      一条狗当然不能深谙做人的道理，但它使人们从它的身上，悟出了许多人生的道理和生活的信念。正是这样，从来只关注各界名流的《人物》周刊，周刊封面的位置第一次留给了这条叫Faith 的狗。

                      

                                                 

      Stringfellow为Faith 写了一本名叫“With a little Faith”的书，讲述Faith 在训练中是如何战胜困难的，鼓励那些肢体有残疾的人。

                     

      Jude Stringfellew　还为Faith在网站上建立了一个博客,网站月点击量至少高达75000次， Faith 每天都能收到300多封“粉丝”们寄给它的电子邮件。

                            

现在 Jude Stringfellow 计划放弃教师工作，带着 Faith 到世界各地，去告诉人们“即使没有完美的身体，也可以有完美的灵魂”。

                     

    相信爱！Faith 就是信念、生命和奇迹。