Ans. Finance and economics are closely related fields, but they have distinct focuses. Economics is the study of how individuals, businesses, and governments make choices regarding the allocation of resources to satisfy unlimited wants. It analyzes the production, distribution, and consumption of goods and services. On the other hand, finance deals with the management of money and assets. It involves the study of financial markets, investments, and financial decision-making. While economics provides a broader understanding of the overall economy, finance delves deeper into the specific aspects of managing money and assets.