Economics uses the scientific method in explaining human behavior.
Give and explain five reasons why you would recommend the study of economics to a business student?
economics essentially is the way of life and every business student must economics. Identify and explain five reasons that support the argument.
Because of the improvement or it means to know
technology is the product of science while home economics refers on study on how to plan life.
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 field of study dealing with society and human behavior.
Give and explain five reasons why you would recommend the study of economics to a business student?
In_economic_what_are_the_differences_between_social_science_and_physical_scienceSocial science study human society and behaviorPhysical science study physical and non human thingsEconomic and Science
it is a science subject because it has to do with the study of human behaviour.
No, that is called economics.
economics essentially is the way of life and every business student must economics. Identify and explain five reasons that support the argument.
Because of the improvement or it means to know
technology is the product of science while home economics refers on study on how to plan life.
political science and sociology
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.
As part of his degree in Political Science at Columbia University, he would have taken courses in Economics.
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).