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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).
What else can I help you with?
When was School of Economic Science created?
School of Economic Science was created in 1937.
What kind of science is economic?
Economics is a social science.
What do you mean by economic is the mother of social science?
Economic is social science, because it deals with human being
Political and economic science are examples of what type of science?
They are examples of social sciences.
What is the economic life of a country?
Economic is the science which is concerned with how socities allocate scarce resources.
In what year did the Swedish Academy of Science institute the Nobel Prize in Economic Science?
2008
In what year did the swedish academy of science instituded the nobel prize in economic science?
1969
What year did the swedish academy of science instituted the nobel prize in the economic science?
1968.
In what year did the Swedish Academy of Science instituted the Nobel Prize in Economic Science?
The Swedish Academy of Sciences instituted the Nobel Prize in Economic Sciences in 1968.
What is true about the impact of science and technology on the economic development of the US and on standards of living?
science and technology has had a positive impact on the economic development of the United States and has improved standards of living
Why economics considered as a science?
Reasons for negative economic growth
Is economic related to home economics?
Because it is a social science
