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+--- Thread: How economics related with other social sciences?Please enumerate.? (/thread-99531.html)
How economics related with other social sciences?Please enumerate.? - eidderf - 02-19-2014 12:41 PM
state the relationship of economics to other social sciences.
- Adam - 02-19-2014 12:49 PM
They are all intertwined because societies have to work together. There are various social statuses, an impact on geography, way of life, people.....
Economy affects people....Therefor it affects other social sciences...
- Giggly Giraffe - 02-19-2014 12:53 PM
Economics is the social science to measure the economy which can be applied to most social sciences. Since there are countless books, subjects, and courses, I'll focus on one of the most common and sought after micro-economic study: Workers (free and slavery).
Labor Economics is a popular micro-economic study focusing on the functioning of the market and dynamics for labor. Labor markets function through the interaction of workers and employers.
This is important to managers to determine the best ways to utilize their workers. Some managers take the "Aggressive" approach and treat the workers as slaves; actual, or by keeping the workers on a tight schedule with time clocks and statistic reporting. This statistical reporting is economics giving managers/owners data that not only shows them the work of the employees, but also showing the work flow of the product. Very valuable.
Other managers take the "Independent" approach and offer the employees a task/goal and leave the employees to creatively accomplish the task/goal. Both have benefits for different situations, and measurements to evaluated these managerial methods are desired.
Other Labor Micro-Economics deal with the "Wage" or payment of the workers. To work this out, you can visit Wikipedia and get the "Wage Equations" yourself.