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Because there is no firm predictive use for it. Economics is based almost entirely on experiences, personal and historical.

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12y ago

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How would you defend the proposition that economics is a true science?

Economics uses empirical models driven by mathematical tools and statistical data to reach objective, positive conclusions. When economics makes normative conclusions, all normative conclusions are not subjective in morality but use efficiency (as in other applied sciences) as the right outcome. In economics, as opposed to other social sciences, general, well-defined answers can be formulated and experimented on, like the physical sciences.


Why is economic an empirical science?

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).


Which of these is considered to be the king of the social sciences-?

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What are the sciences which involve in economics?

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What is considered to be the king of the social sciences?

economics


How do you differentiate philosophy from others sciences?

Most sciences require empirical evidence (that which is gained from physical interaction and observation), philosophy does not. While empirical evidence effects philosophy. philosophy does not impact the empirical sciences (Chemistry, Biology, etc...)


Why economic is an science?

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 social sciences can also be classified as a natural science?

Psychology and anthropology can also be classified as natural sciences because they use scientific methods to study human behavior and society from an empirical perspective. Economics can also be considered as a natural science when it uses mathematical and statistical models to analyze economic phenomena.


What is the relationship of economics to natural sciences?

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Which are the subject in commerce?

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What is the relation of economics to social and natural sciences?

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Which of these is considered to be the king of the social sciences?

Because one can conduct studies about the sociology of ... As in, "the sociology of history" or the "sociology of economics". Sociology is the only social science in which one cannot say "the sociology of sociology".