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predictability

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Q: What characteristic of economic theory makes it scientific?
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Related questions

What what characteristic of economic theory makes it scientific?

predictability


What makes a theory a scientific theory opposed to a conspiracy theory?

One is based on scientific data the other is based on the unproven.


Characteristics of scientific theory?

A scientific theory explains some observed phenomenon, it makes testable predictions, it is consistent with other scientific and mathematical knowledge.


WHAT is a synonym for scientific theory?

a scientific theory is a well tested explanation for a wide range of observations of experiments in other words is an idea that makes sense.


What scientific evidence makes us believe this big bang theory?

science


Why is plate tectonics called theory or paradigm?

Although it is proven and true, there is a .00001% that is could be false. So therefore it can't be a scientific law. That makes it a theory. There are very few scientific laws and only obvious facts are scientific laws. Like gravity.


What makes a theory scientific theory?

Its ability to be tested repeatably against the evidence, knowledge and techniques currently available, and give consistent results. It is still open to change or rejection, or indeed acceptance as scientific law, if advancing knowledge deems so.


How does a scientific theory change?

Scientist are always testing their models to get new information or results, but other times learning evidence makes scientist have to change their models so scientist can change their models in theory.


Who makes the economic decisions in Australia?

who makes australia's economic decisions


How is a scientific theory different from a conclusion?

A theory is something that you have evidence to support what you think, a conclustion is something you make after an experimant concluding what you have found out.


How does observed evolutionary change support the scientific theory of evolution?

The theory predicts that evolution will happen and in certain ways. The observed evolution makes this prediction correct. It also defines evolution as happening, and as such is perfect evidence in support of it.


What is a homogeneous characteristic?

it tells you what it does and tells you what it makes