Essay on the relationship between Sociology and Economics. Sociology and Economics as social sciences .have close relations. Relationship between the two is close that one is often treated as the branch of the other.
In Economics demand shows the relationship between the prices of a commodity and the quantity of the commodity which the consumer wants to buy at those prices.
Economic problems emerge due to scarcity of resources. We do not get adequate resources from the nature to satisfy all our needs.
India, may be the world, is in the grip of population explosion. Can economic development find a solution to this baffling problem? What is the impact of the burgeoning population on economic development? Recent studies have thrown new light on these controversial questions.
Sociology and Economics are similar in many respects. Sociology studies social life and economics studies economic aspects which forms the part of social life. Economic relationships bear a close relation to social activities.
Sociology is a general social science whereas economics is a special social science. The scope of sociology is wider, whereas the scope of economics is narrower.
Positive science implies that science which establishes relationship between cause and effect. In other words, it scientifically analyses a problem and examines the causes of a problem.
The word Micro in economics has been taken from a Latin word Mikros which signifies small. In Micro-economic theory problems related to individual industries, firms, markets, and other economic units are extensively assessed and studied.
Micro Economics studies the problems of individual economic units such as a firm, an industry, a consumer etc. Macro Economics studies economic problems relating to an economy viz., National Income, Total Savings etc.
Sociology and Economics as social sciences have close relations. Relationship between the two is close that one is often treated as the branch of the other. According to Thomas, Economics is, in fact, but one branch of the comprehensive science of sociology.