Articles

Difference Between Economics, Economy, Economic and Economical: In some way or the other the terms economics, economy, economic and economical are related to each other, but they also lie some key differences between them based on their diverging factors. It is really important to know the difference between these four terms in order to avoid any confusions in the future.

You can also find differences between articles on various topics that you need to know. Just tap on the quick link available and get to know the basic differences between them.

What is the Difference between Economics, Economy, Economic and Economical?

Economics is considered a social science. The economy is a social domain that is involved in stressing the importance of different practices that is involved in managing different resources. Economic term is used to specify a product or object which brings profit. Economical is a term used for the capability of an object or service to return the money that got invested.

Economic

Economics keeps an eye on the actions and performance of various economic agents. Its main objective is to analyse the economic factors.

Economics is classified into two terms which are macroeconomics and microeconomics.

Microeconomics is responsible for analysing economic factors such as individual agents, firms, sellers and buyers. In contrast, macroeconomic is considered as a study of the economy as a whole. This type of economy takes into account the consumption, production and manufacturing capabilities of an economy as a whole.

Economic analysis plays an important role in different sectors, such as real estate, finance, Information Technology, etc.

Economy

The economy is considered as an area where different activities such as production, consumption, distribution and trade of goods take place. Different economic agents carry out these activities. It is considered as a social domain which is responsible for stressing practices that are associated with production and management of different resources.

In an economy, activities are considered to be spurred due to production which is responsible for using natural resources, labour and capital. The economy got divided between two terms which are market-based economy and command-based economy. A market-based economy depends on the demand and supply of the market between the different intermediaries that exist in the market. A command-based economy depends on the political actions of the government authorities and the laws that are imposed by them.

Economic

The world economic is referred to as a term which is used to represent an object or action that is responsible for bringing profit to the party who is involved in this. This term is also used in situations where there are transactions involved; they can be monetary or otherwise. The term was discovered first in the late 19th century to refer to the practice of household management. India is considered to be one of the strongest economic powers in the world.

Economical

Economical is considered as the wise and efficient use of every resource that is available to us. To be economical, one has to avoid any wastage of resources during performing any activity. It involves efficient planning in order to avoid any wastage of resources. The word Economical was first introduced to the world in the late 16th century. Initially, it refers to the management of household activities.

Introduction

The left-right political spectrum classifies political ideologies, positions and parties from social equality. The term left-wing and right-wing are used for liberals and conservatives, but the politicians originally coined them during the French Revolution. Left-wing and Right-wing differ from each other based on individual liberty and the power of government.

You can also find differences between articles on various topics that you need to know. Just tap on the quick link available and get to know the basic differences between them.

What is the Difference Between Left-Wing and Right-Wing?

About Left-Wing

Left refers to the people who sat on the Left in the French Estates-General and opposed Ancient Regime, Bourbon Monarchy and supported the French Revolution and democratic republic and secularization of society.

Left-wing politics encourages social equality and egalitarianism, in opposition to social hierarchy. The Left-wing politics typically involves concern for those in society whom its supporters perceive as disadvantaged relative to others. They also believed that some unjustified policies and inequalities need to be abolished.

About Right-Wing

In French Estates General, the people who sat on the right supported the Old Regime’s traditional institutions.

The Right-wing today refers to the conservative or reactionary section of a political party or system. Right-wing are people who believe in the centralization of power, want a strong government but at a small scale so that there is more individual responsibility in the society. In political terms, Right-wing are parties and people that stand for the status quo.

Difference Between Left-Wing And Right-Wing

Area Of Differentiation	Left-Wing	Right-Wing
Nature	Liberal and stands up for equality at all levels.	Conservative and stands in favour of things as they are
Healthcare policy	Supports universal healthcare, the Affordable Care Act and expansion of Medicare and Medicaid	They oppose the Affordable Care Act and Medicare expansion.
Abortion	In favour of abortion	Opposes abortion
Immigration policies	Gives pathway to citizenship for undocumented immigrants	No “amnesty” for undocumented immigrants should be there.
Economic policy	They believe in income equality.	They support lower taxes and a more balanced budget.
LGBTQ rights	Supports gay marriage and anti-discrimination laws to protect the LGBTQ community.	Opposes gay marriage and does not support LGBTQ
Environmental policy	Generally conservative	Generally more permissive
Associated political parties	Democratic party, socialist	The Republican Party, Constitutional Party

Similarities of Left-Wing And Right-Wing

• The Left-Wing and Right-Wing both believe in the expansion of education and do not oppose public education.
• Right-Wing and Left-Wing resemble each other in the way they pursue their political goals and the affirmative path they take.
• They are disposed to censor their opponents, deal harshly with enemies, and sacrifice innocent people’s wellbeing to serve a higher purpose.
• Both tend to promote or defend civil liberties in a partisan and self-serving fashion, supporting freedom for themselves and their group.
• Both view political life as a conflict between “us” and “them”, and their own goal is total victory and nothing other than that.

Frequently Asked Questions on Difference Between Left-Wing And Right-Wing

Question
From where do the terms Left-Wing and Right-Wing arise?

Answer:
During the French Revolution, the people who sat on the French Estates-General’s left side were referred to as “Left” while those who sat on the right were called the “right.”

Question
What is the basic difference between Left-Wing and Right-Wing?

Answer:
The Left-Wing is liberal and supportive of changes in society, whereas the Right-Wing is more conservative and tends to stick more with ancient traditional beliefs.

Question
What are some of the examples of Left-Wing and Right-Wing?

Answer:
Democratic and socialist parties are Left-Wing while Constitutional parties fall under the Right-Wing.

Introduction

The Commissioner of Police department of each state is entrusted with the powers of an executive magistrate. Commissioner of Police is assisted by one too many Joint Commissioners of Police. In India, the Director-General of Police (DGP) maybe a three-star rank and therefore the highest-ranking policemen officer in Indian States and Union Territories.

The Commissioner of Police could also be the rank of Additional DGP or IGP but maybe in the rank of DIGP.

You can also find differences between articles on various topics that you need to know. Just tap on the quick link available and get to know the basic differences between them.

What is the Difference Between Commissioner of Police and DGP?

About Commissioner Of Police

Police commissioner (also referred to as the police commissioner) may be a senior rank in many police forces. Police commissioners may be experienced police officers, though some are politically appointed, elected, and may not be sworn, police officers.

In such a case, there is maybe a professional chief of police in charge of day-to-day operations. In either event, commissioners are the designated heads of the organizations.

In India, the Commissioner of Police designation is held by different ranks of Indian Police Service (IPS) officers at other places. For example, it’s held by a Director General of Police (DGP) in Ahmedabad, Hyderabad, Delhi.

About DGP

In India, the Director-General of Police (abbr. DGP) is the highest-ranking policemen officer in an Indian State or Union Territory. DGP typically heads the state or UT police, who just in case, also are called State Police Chief. The Cabinet appoints DGP from the Indian Police Service and that they hold a three-star rank.

There can also be additional officers within the state who hold the rank of DGP. Typical appointments for such officers include Director of Vigilance and Anti-Corruption Bureau, Director General of Prisons, Director General of fireside forces and civil defence, Criminal Investigation Department (CID), Police Housing Society etc.

Difference Between Commissioner Of Police And DGP

Area Of Difference	Commissioner Of Police	DGP
Designation	Police commissioner (also referred to as the commissioner of police) may be a senior rank in many police forces.	In India, the Director-General of Police (abbr. DGP) is that the highest-ranking policemen officer in an Indian State or Union Territory.
Discipline Of Work	Police commissioners may be experienced police officers, though some are politically appointed, or elected.	DGP typically heads the state or UT police, which in case, are also called State Police Chief.

Similarities Between Commissioner Of Police and DGP

• Each state police force is directed or headed by an IPS officer in the rank of Director General of Police.
• The Commissioner of Police could also be of the rank of Additional DGP, or IGP, and can be within the rank of DIGP.
• The Commissioner of Police is assigned with the authorities of an executive magistrate, and functions.

Frequently Asked Questions on Difference Between Commissioner of Police and DGP

Question:
Who is a more powerful DM or commissioner?

Answer:
A DIG is at par with the commissioner, a rank superior to DM. But under the new system introduced by the Indian government, DIGs are given charge of districts replacing senior superintendents of police (SSPs).

Question:
What is the difference between the police commissioner and DGP?

Answer:
The Commissioner of Police is empowered with the powers of an executive magistrate. Commissioner of Police is assisted by one too many Joint Commissioners of Police. In India, the Director-General of Police (DGP) maybe a three-star rank and; therefore, the highest-ranking policemen officer in Indian States and Union Territories.

Introduction

Physical and Human Geography are the two principal branches of Geographical Sciences. Physical geography is what we are more familiar with as it involves bodies of water, earth’s land areas, plant life etc. Physical geographers help in making decisions about managing different types of resources such as forests, land and water.

You can also find differences between articles on various topics that you need to know. Just tap on the quick link available and get to know the basic differences between them.

What is the Difference Between Physical and Human Geography?

About Physical Geography

Physical geography focuses upon processes shaping and the character of the land-surface and its envelope of the Earth, emphasizes the temporal changes and the spatial variations that occur which is necessary to understand the contemporary Earth’s environments.

Its purpose is to understand how the Earth’s physical environment is affected by, is the basis of human activity. Physical geography was conventionally subdivided into climatology, biogeography, hydrology and geomorphology.

About Human Geography

The study of the interrelationships between place, environment and people, and how these vary temporally and spatially across and between locations. Whereas physical geography concentrates on environmental and spatial processes that shape the natural world and tends to draw on the natural and physical sciences for its scientific underpinnings and methods of investigation.

Difference Between Physical and Human Geography

Area Of Differentiation:	Physical Geography	Human Geography
Details:	Physical geography deals with the Natural process of the Earth, such as plate tectonics, wind movements, climate etc.	Human geography looks at the behaviour and impact of people and their implications in the physical world.
The aspect of geography:	Physical geography in its current studies lays more emphasis on the ‘location’ aspect of the region.	Human geography concentrates both the aspect of the people and its “location” as well.
Constituents:	Areas of Physical Geography include Geomorphology: the study of shape and structure of the earth, Glaciology: the study of glacier and ice sheets of earth, Hydrology: water studies of earth, Climatology: a study of the climate of the earth.	Areas of Human Geography include Historical Geography, Cultural Geography, Urban Geography: Built-Up Areas or Cities and Development Geography.

Similarities Between Physical and Human Geography

• The study of the Earth is Geography.
• Geography is separated into two different categories: Physical Geography and: Human Geography.
• Human Geography is about everything that is man-made and caused by humans.
• Physical Geography is about natural developments and/of plants and animals.
• Physical and Human Geography are both grow naturally.
• Physical and Human Geography both can harm each other.

Frequently Asked Question on Difference Between Physical and Human Geography

Question:
What do human and physical features mean?

Answer:
Things that you can see all around you are all Human and physical features. Physical features include mountains, rivers and seas which are natural. Human features which include houses, bridges and roads are things that have been built by people.

Question:
Why is human geography important?

Answer:
A wide-ranging discipline that draws together the understanding of many of the strands important for today’s world is Human geography.

Question:
What are the 3 types of geography?

Answer:
There are three main strands of geography:

• Physical geography: the effects and the nature it has on the environment and/or on people.
• Human geography: only concerned with people.
• Environmental geography: how people can protect or harm the environment.

Introduction 

Social science is the science that is concerned with the study of human society and the relationship between individuals of society. Sociology and Economics are two branches of social science.

Economics deals with humans as economic beings and is therefore very concrete. On the other hand, sociology deals with the social aspect of man.

You can also find differences between articles on various topics that you need to know. Just tap on the quick link available and get to know the basic differences between them.

What is the Difference Between Sociology and Economics?

About Sociology 

Social studies human beings as social beings. In sociology, all the concepts and principles concerning human beings as societies are covered. Sociology studies all the rules and regulations connecting and dividing people all over the globe.

All human activities fall under this branch; hence, sociology is drastically growing and expanding for creating and learning infinite knowledge. Socially deals with the diverse patterns of relationships and interactions between people all around the globe. It is considered to be the newest of all social sciences.

About Economics 

Economics can be defined as the branch of knowledge that deals with a human’s life’s economic aspects. It deals with how goods and services are provided, produced and manufactured. Economics deals with economic relations concerning individuals.

Factors like supply, demand, price, goods and services, and the elasticity of various products and these factors contributing to the fluctuation of products and services of the market are basic knowledge needed for Economics.

Difference Between Sociology and Economics

Area Of Difference	Sociology	Economics
Definition	Sociology is the study of social activities and social relationships of man.	Economics is the study of the economic activities of man.
Scope	Sociology has a much wider scope in comparison to Economics.	Economics does not have a scope as wide as Sociology.
Nature	Sociology is abstract and does not have a particular area that it deals with.	Economics is much more concrete in nature.
Social science	Sociology is a general part of social science.	Economics is the special branch of social science.
Target of study	In Sociology, man is studied as a social animal.	In Economics, man is studied as an economic being.

Similarities Of Sociology and Economics

• Both Sociology and Economics are branches of social science that deals with the study of overall human development.

• Sociology and Economics both use scientific methods for studying their respective areas of interest.

• Economics and Sociology are dependent on each other for their study. Economics, as it is mainly concerned with man’s economic aspects, is also directly correlated to society’s social activities. Similarly, sociology is concerned with the study of social beings; economic factors highly impact it.

• Economics is considered a branch of social science, and as a discipline, it is considered a branch of sociology.

Frequently Asked Questions on the Difference between Sociology and Economics

Question
How is the study of Sociology done?

Answer:
The study of Sociology is done by quantitative and qualitative measures, and the means employed for gathering data are different.

Question
How old are the subjects Sociology and Economics?

Answer:
Sociology is the youngest branch of social science, whereas Economics is older than Sociology.

Question
What makes Sociology stand out?

Answer:
Sociology differs from the other social sciences in the way that it is more general, covering human interactions from a broader dimension whereas other social sciences are more specific. Sociology deals with the scientific study of human relations, their institutions and interactions.