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Economics is the study of the mechanisms by which humans allocate resources. As such, it is a study of human behavior. Human behavior is not derived from physical laws (or, sometimes, even rational decisions), so it falls outside the realm of "hard" science.
Economics is a social science because it is the study of the distribution of wealth, consumptive patterns, and means of production. Social stratification determine all of these attributes of economics, and thus economics is a social science.

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Aylin Schulist

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11y ago

Economics is the study of the mechanisms by which humans allocate resources. As such, it is a study of human behavior. Human behavior is not derived from physical laws (or, sometimes, even rational decisions), so it falls outside the realm of "hard" science.
Economics is a social science because it is the study of the distribution of wealth, consumptive patterns, and means of production. Social stratification determine all of these attributes of economics, and thus economics is a social science.

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Q: Why is economics considered a social science?
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Related questions

Is economics a social science or human science?

economics is a social science


Why is economics considered social science?

Economics is a social science because it is the study of human behavior when it comes to money and how it is made and spent. Economics play a large part of all humans personal and professional lives. The gross domestic product is licked to both social science and economics. Unlike natural science, social science is used to understand society. Economics is a large part of society and how people behave.


Is economics is classified as a social science?

true


Why does the economics is social science?

economics is a science of scarcity


How is economics related to other social science - site examples?

economics and social science examples


Is economics a science an art or social science explain?

Economics is a social science because it is a field of study dealing with society and human behavior.


Can economics be consider a science?

Yes, economics can be considered a science.


What is economics a social or political science?

Economics is not political science. However, the fields can have some overlap like political economy. Lastly, economics and political science are both a social science.


What kind of a subject is economics?

Economics is a social science.


Why is economics a behavioral science?

Economics conceptualizes a world populated by calculating. In traditional economics it ignores all the behaviors studied. However, behavioral economics or behavioral fiance studies the effects of social, cognitive and emotional factors of the economic decisions of others. Therefore, this subcategory would be considered a behavioral science rather than a social science.


Why is economics considered as a science?

Because it follows strict systematic and practical methods


What kind of science is economic?

Economics is a social science.