Economics is a multifaceted subject which involves not just money related issues , but the institutional factors controlling it , social structure responsible for money distribution , political factors linking people in domestic and international market.
Economics deals with technological factors which influence income determination in a country. The society today is built with the base of money around which development of past , present and future revolves. Economics theory started from mercantilism and evolved to capitalism. All theories have a baise , as to which society it is coming from and which section of people is powerful. This makes it a great evaluator of how past must have looked .
This concludes that economics is a wholesome mirror of society , not just domestic but the world , and it encourages all social and political relevant discussions.
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