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As per the American Engineers council for professional development, the engineering can be defined as the creative application of the scientific principles, in order to develop or design structures, apparatus, machines or manufacturing processes or works. In other words, it can be defined as a practical function of maths and science, which is used to crack problems. This is everywhere around all of us. In everyday life of an individual, the engineering technologies advance the ways of communicating, traveling, working as well as entertaining themselves.

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Economics refers to the science associated with providing satisfaction to the individuals by meeting their unlimited wants with scarce resources. This is a social science dealing with the production, consumption, distribution of the goods as well as services. Economics is of great significance to our economy, as it is being used for controlling inflation and accelerating its growth. The individuals gain economics, as it is used for the development of the policies and strategies, which help the developed as well as the developing countries to fight against unemployment and poverty.

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