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• Mathematics is the science that deals with the logic of shape, quantity and arrangement. Math is all around us, in everything we do. It is the building block for everything in our daily lives, including mobile devices, computers, software, architecture (ancient and modern), art, money, engineering and even sports.

• Economics is the study of how people and society choose, with or without the use of money, to employ scarce productive resources which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future among various persons and groups of society.

• Numerous models are typically designed as functions. For instance, the demand for a product is a function of the price of that particular product or good, the cost of alternative goods or we can say substitute goods, and income. There tends to be a comprehensive usage of functions in economics. Calculus, linear algebra, etc. are the fundamental implements that are exercised by economists. Apart from these aspects, several statistical models and functions are used in certain economic analyses. “Econometrics” is a separate field in economics that deals with statistical functions. Economic analysis generally exercises and uses the quantitative approach and method while assessing any particular information in an economy. Quantitative methods are considered to be the mathematical calculations that give pointers to analyze current and past events and economic periods. Numerous sorts of mathematics have been used by economists to make their studies, judgments, and theories more certain and reliable through apprehended calculations.