A Method is the way in which one can complete a task, or the steps one can take to complete a task. Methodology is the study of a method or methods. Methodology is the systematic, theoretical analysis of the methods applied to a field of study, or the theoretical analysis of the body of methods and principles associated with a branch of knowledge. It, typically, encompasses concepts such as paradigm, theoretical model, phases and quantitative or qualitative techniques. Methodology is the study of scientific methods, a branch of epistemology. Econometric techniques, strategies for gathering data, means of testing hypotheses, etc. are Methods, not methodologies.
Sayed Farrukh Ahmed
Faculty of Business & Economics
Daffodil International University