Because it follows strict systematic and practical methods
why economics is considered as a science?
Yes, economics can be considered a science.
The relationship of economics to natural science is that natural sciences provide humans and computers data which relates to different areas such as food sources. Economics is not considered a natural science.
Reasons for negative economic growth
Economics is considered both an art and a science. Major universities allow undergraduate students majoring in Economics to select whether they pursue a "Bachelor of Arts" or a "Bachelor of Science" degree in the field.
it follows strict systematic and practical methods
Yes, economics can be considered a science.
The relationship of economics to natural science is that natural sciences provide humans and computers data which relates to different areas such as food sources. Economics is not considered a natural science.
Reasons for negative economic growth
Business falls under the category of economics. It can be debated, whether economics truly deserves to be considered a science.
Economics is considered both an art and a science. Major universities allow undergraduate students majoring in Economics to select whether they pursue a "Bachelor of Arts" or a "Bachelor of Science" degree in the field.
it follows strict systematic and practical methods
because it follows strict systamatic and practical methods
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.
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).
economics is a social science
It is considered science. There has been a Nobel prize in economic science since 1969.
economics is a science of scarcity