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Prudence vs conservatism

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(Querist)
30 December 2015 what is the difference between prudence and conservatism?
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Arpit Shah

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Arpit Shah (Expert)
30 December 2015 http://taxguru.in/income-tax/tax-accounting-standards-key-recommendations-main-points.html
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Arpit Shah

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Arpit Shah (Expert)
30 December 2015 Conservatism (or conservativism) is any political philosophy that favours tradition (in the sense of various religious, cultural, or nationally-defined beliefs and customs) in the face of external forces for change, and is critical of proposals for radical social change.
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