Answer to Question #313328 in Management for Fiona

Question

Is there any significant different between learning Economics & Management Sciences and teachers

experience

Answer 1

There is a significance difference between learning Economics & Management Sciences and teachers’ experience. This is because learning economics and management sciences are two different fields of study. Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources while Management science (MS) is the broad interdisciplinary study of problem solving and decision making in human organizations, with strong links to management, economics, business, engineering, management consulting, and other fields. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms to improve an organization's ability to enact rational and accurate management decisions by arriving at optimal or near optimal solutions to complex decision problems. Management science helps businesses to achieve goals using various scientific methods.