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What is the difference between economics and business economics? Which is better to opt for graduation?


Devna 24th Feb, 2019
Answer (1)
Debosmitha Bhattacharyya Student Expert 24th Feb, 2019

Hello Devna,

General economics deals with the economic system, structure, national and international economics, policies, economic theories related to various issues, production and distribution problem of a nation, wealth and natural resources, human growth, the standard of living, education, income, import, export, GDP etc.

Business Economics has developed itself into a sub-science within economics. Business economics is concerned with predominantly the economic problems of businesses. In this sense, some regard business economics as a form of microeconomics.

An economics major would be able to move into the study of economics for a master's or Ph.D. degree, while a business major would not be able to do so. Those with economics degrees or business degrees would all be able to pursue MBAs. So, according to my observations. it is best to do Economics graduation degree.

Hope this helps.

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