Business Studies, asked by jagruthi4882, 1 year ago

What is the relationship between financial management and economics?

Answers

Answered by SulagnaRoutray
1

Answer:

  • Financial management and economics are closely related to each other.
  • Financial management focuses on the management of funds of a company and economics focuses on resource allocation, consumption and distribution of capital.

Answered by joy393
0
Financial management deals with the management of finance while economics deals with the balance between scarce resource and scarcity
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