Economics is considered an empirical science because it is a science based on observations of experiences.
It has to do with people. People change. So that makes economics an empirical study. It's not like maths (1+1= 2 principle doesn't make sense in economics).
School of Economic Science was created in 1937.
Economics is a social science.
Economic is social science, because it deals with human being
They are examples of social sciences.
Economic is the science which is concerned with how socities allocate scarce resources.
2008
1969
1968.
The Swedish Academy of Sciences instituted the Nobel Prize in Economic Sciences in 1968.
science and technology has had a positive impact on the economic development of the United States and has improved standards of living
Reasons for negative economic growth
Because it is a social science