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Why is economics considered a social science?

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Answered 2012-07-29 22:36:26

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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why economics is considered as a science?


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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 a social science because it is a study of human behavior. Human behavior cannot be explained by physical law, so it's not a hard "science" such as medicine.


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"Why economics considered to be a science?" I believe the people who study economics employ the scientific and mathematical methods to improve and understand the problems and success' of our society. More importantly, the National Science Foundation, http://www.nsf.gov/sbe/ses/, lists Economics under "Social and Economic Sciences". I would assume most countries do the same. From what I have heard, Economics can be very challenging. Remember the movie called "A Beautiful Mind".


Economics is a social science and its important our social life,political life economics and daily life.its based on the piler of country..


I would probably argue economics is the King of the social sciences, but it's a debatable question with likely no objective answer.



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