difference between history and economics?( atleast 4 points).
Answers
Answer:social sciences, each field is filled with ill-defined concepts and terminology that is inconsistently used and leads toward different starting positions. In short, In many publications you will find different definitions, while 'new' is a very tricky word. Think of 'new media' 'or new technologies'.
Economic history is, I think, easy to define, since it refers to a systematic, study of economic phenomena in the past. Since it is a scientific endeavor, it uses several methods to warrant objectivity, validity, and reliability.
New economy, however, reflects different meanings,depending on the angle.
New economy, from an more humanistic approach, refers to the predominance of human values and sustainability instead of mere economic growth. lf the approach is oriented toward production then shift from a manufactory-based toward a service-driven economy is used. And, if te term is used to make distinction in the scientific approach, new economic history refers to more formal or mathematical research methodologies.
Explanation:
Answer:
Economic history is the study of economies or economic phenomena of the past. Analysis in economic history is undertaken using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The topic includes financial and business history and overlaps with areas of social history such as demographic and labor history. The quantitative — in this case, econometric — study of economic history is also known as cliometrics.
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