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QUESTION IMAGE

what is the difference between psychology and economics

Question

what is the difference between psychology and economics

Explanation:

Brief Explanations

Psychology studies the mind and behavior of individuals. Economics focuses on the production, distribution, and consumption of goods and services, and the behavior of economic agents. Psychology delves into mental - processes like perception, emotion, and motivation. Economics analyzes market mechanisms, supply - demand, and resource allocation.

Answer:

Psychology examines the mind and behavior of individuals, while economics is about the production, distribution, and consumption of goods and services and the behavior of economic agents.