Economics is a social science.
Indeed this is true, here is an example of an economist "playing the role" of a scientist. As with other scientists, such as biologists, an economist observes inflation, creates a theory that excessive growth in the money supply causes inflation. As with the biologist, that scientist also makes an observation and creates a theory as to why the observation takes place.
The economist collects data on money growth and inflation to see if there is a relationship. This "collecting" in economics is difficult because "data" cannot be seen in, or made from experiments. Unlike the biologist, the economist cannot manipulate an economy in a test tube. What happens is that data from previous historical events are observed to come to a conclusion.
While the biologist can formulate a chemical cure for a disease, the economist is plagued with far too many scenarios. If that were not so, then a way to "beat" the economic cycle would have already been formulated.
automobile, a clown at a party
A vacuum cleaner is not considered to be a need.
Contemporary economics focuses on the role of demand, money supply and growth as well as free trade. Open markets are also considered important by contemporary economists.
The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.
Economists Salary: American Dollars: Corporate Economists$88,428 - $132,846 Academic Economists (New Phd) $94,006 British Pounds: Corporate Economists £47,832.53 - £72,411.42 Academic Economist ( New Phd) £50,882.24
Which of these items is not considered by economists to be a need? a meal shelter a coat a book
automobile, a clown at a party
Automobiles. A+
soil scientists study pedology, so they can also be considered pedologists.
A vacuum cleaner is not considered to be a need.
Contemporary economics focuses on the role of demand, money supply and growth as well as free trade. Open markets are also considered important by contemporary economists.
Aside from natural reproduction, cloning DNA is currently the only process scientists are using to artificially create life.
The upper class is composed of collar professionals, physicians, lawyers, economists, urban planners, university professors, architects, psychologists and scientists.
The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.
All dinosaurs are considered reptiles.
economists have classified input as
What do economists call elasticity?