What is it relationship between sociology and economics?

Answer 1

These are two discipline of the liberal arts. Economics is the study of the market forces, such as the invisible hand guiding supply and demand. Psychology of the consumer and the market itself can help understand economic forces by predicting and modeling the thinking and decision making processes behind them.

Answer 2

Economics deals with the economics activities of man. Economic factors play a vital role in the aspect of our social life. total development of individual depends very much on economic factors. without economic conditions the study of society(sociology) is quiet impossible. that is why marshall defines economics as "on one side the study of wealth and on the other and more important side a part of the study of man". in the same way economics is influenced by sociology

Answer 3

Economics has always played a big role in psychology. Many people are unable to afford medication and therapy, and do not get help for their conditions. There are a great many homeless people who are actually mentally ill, and would not be homeless if they had the money for good mental care. Also, when the government has plenty of money, they are more willing to spend it on psychological care, and the culture as a whole becomes more healthy mentally.

Answer 4

Both disciplines are interrelated. Social problems are directly tied in with the economic conditions of the people within a society. Economics is defined as the study of wealth on one side, and on the other, the study of man. Without a social background, the study of different aspects of economics such as occupations, division of labor and economic structure not be completed.

Answer 5

There is a close relationship between sociology and economics. As a matter of fact, both are considered to be branches of social sciences and they are dependent of each other.

Answer 6

i dnt have any commets on dat