Difference between Formal and Informal Sectors in India

The economy of a country is one of the main elements of development. The economy consists of processes like the production, distribution, and consumption of goods and services. These processes are operated differently in different sectors of the economy, which can be named the “formal and informal sectors” The functioning and operations of both the … Read more

Differences and Relationship between Sociology and Economics

Social science is the science concerned with the study of human society and the relationship of the individual in the societies. It is an academic discipline that has been rising immensely over the years.  It includes the study of economics, politics, cultures and traditions, psychology, linguistics, and every other aspect concerning individuals and society. Under … Read more