I just came across the tags economy and economics. They seem to be about the same thing, at least according to their descriptions.
The tag wiki excerpt from economy:
For questions regarding wealth, trade, or financial concepts.
The tag wiki excerpt from economics:
For questions regarding wealth, trade or financial concepts.
Except for a comma they are identical...
The full tag wiki from economy:
An economy is a system of trading and exchanging goods and services. It may be on any scale -- a town, a planet, a galaxy. While the primary object being exchanged in an economy is usually money, this tag also applies to systems of trade and barter.
The full tag wiki from economics:
Economics is the study of trading and exchanging goods and services. It may be on a planetary level or on a town level. While the primary object being exchanged in an economy is usually money, systems of trade and barter also apply.
The difference seems to be that economics refers to the study of this stuff, while economy is an example of this stuff. Is that the whole difference? Do we really need this distinction on Main? If so, should we update the tag wikis to make this difference more prominent, for example by mentioning the other tag and stating the differences explicitly to avoid future confusion? Or is it enough to have the example because we are more concerned with examples of economies than with the study of this field?
Currently we have 501 questions tagged with economy and 40 questions tagged with economics. 12 of those questions have both tags, which means there already is a considerable overlap.
For me it looks like we should get rid of economics and focus on economy. Or make them synonyms. What does the community think?