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Discuss economics as a social science?
Economics is called as a social sciences because:It studies human behavior i.e. "human"It has certain laws that does work in most cases "science"
What is the difference between internal economics and external economics in managerial economics?
There's a lot of difference between Internal Economics And Managerial Economics. Internal Economics: It is economics related to an individual firm...where it is the practice of day to day operations in medium of puting various amount of inputs for a desireable output. Managerial Economics:It is the economics which is the practice of managing the firm,by divsion of labour and application of certain principles of management in day to day work.
What is the difference between politics and economics?
Politics is all about the distribution of authority in society. Politics can involve both state and non-state actors (e.g.) churches, clubs, organisations) and, in these groups, people use politics as the means to make social decisions. These social decisions often reflect values, relations, or means people have available to them. Economics, on the other side, is the social study of the allocation of scarce resources, going from buying a good in a supermarket in a way that our happiness level is going to be at its top (i.e buying ice cream instead of chocolates, because we want ice cream more), to creating policies to increase the amount of food delivered to poor communities (this is done by the government) In sum, both deal with the distribution of a system in society, but politics centres on authority between parts of it whereas economics deals with resources. Often, the two can overlap, especially where the allocation of resources depends on the relations of individuals or vice-versa.
Explain the nature and scope of economics with and example?
Economics is the social science that studies the production, distribution, and consumption of goods and services A definition of modern economics is that of Lionel Robbins in a 1932 essay: "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." Scarcity means that available resources are insufficient to satisfy all wants and needs. Economic concepts Common problems among different types of economic systems include: * what goods to produce and in what quantities (consumption or investment, private goods or public goods, etc.) * how to produce them (coal or nuclear power, how much and what kind of machinery, who farms or teaches, etc.) * for whom to produce them, reflecting the distribution of income from output. The subject thus defined involves the study of choices as they are affected by incentives and resources Areas of economics may be divided or classified into various types, including: * microeconomics and macroeconomics * positive economics ("what is") and normative economics ("what ought to be") * mainstream economics and heterodox economics * fields and broader categories within economics. One of the uses of economics is to explain how economies, as economic systems, work and what the relations are between economic players (agents) in the larger society.
What are the major uses of labor economics to an economy?
Labour economics recognises the ability of man towards productivity. It measures the quality of work done and pays adequate remuneration for work dome. Labour economics determines the various category of labour for example,skill, unskilled etc. the study of labour economics gives employers the knowledge to equip employees the necessary tools to be able to perform. labour economics has generated other functions like labour law among others that regulate employer/employee relationship.
What is the relationship between social work and other social sciences?
Social work is closely related to other social sciences such as psychology, sociology, and anthropology. It draws on theories and methods from these disciplines to understand human behavior, social systems, and societal issues. Social work integrates knowledge from various social sciences to address individual and social problems, promote well-being, and advocate for social justice.
Which profession emphasizes the relationship between the person and the environment?
social work
What is the relationship between economics and physics?
There is no direct relationship between physics and economics. Physics attempts to describe in mathematical terms how matter and energy interact. Economics tries to understand the human systems of work, pay, investment, and value assessment.
Who is Samuel Bowles and Herbert Gintis?
Samuel Bowles and Herbert Gintis are prominent economists known for their research on behavioral economics, evolutionary psychology, and social norms. They have collaborated on various studies exploring the relationship between economics and human behavior, particularly focusing on cooperation, altruism, and inequality. Their work has highlighted the impact of social factors on economic decision-making.
What is the difference between economics and politics?
Regardless of the type of government, Politics and Economics have a 'chicken & egg' relationship. While politics sets the rules and laws that enable economics to succeed, business (economics) tells the politicians what works, what doesn't work, and what they want to maintain profitability.
What is more marketable paralegal or social work?
paralegal..... simple economics
What is the relationship between social welfare and social work?
Social welfare refers to the well-being of individuals and communities, while social work is a profession that aims to enhance social welfare by helping individuals and communities overcome challenges and improve their quality of life. Social workers often work within social welfare systems to provide support, advocacy, and services to those in need.
What is the relationship between education and work?
what is the relationship between work and education
Discuss economics as a social science?
Economics is called as a social sciences because:It studies human behavior i.e. "human"It has certain laws that does work in most cases "science"
What is an authority relationship?
A relationship between people and there work
Who wrote The Social Contract that outlined the ideal relationship between the government and the people?
Jean-Jacques Rousseau is the author of The Social Contract, which discusses the principles for the ideal relationship between the government and the people. Rousseau's work influenced political theories on the role of government and individual freedoms.
What is the relationship between sociology and social reform?
Sociology often informs social reform by examining social issues, inequalities, and injustices and proposing solutions based on research findings. Sociologists play a crucial role in advocating for change by raising awareness, providing evidence for policy-making, and working with communities to address structural problems. Social reform is a practical application of sociological knowledge to bring about positive changes in society.
