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How do you define economics?
Economics is the branch of social science that deals with the production and distribution and consumption of goods and services and their management.
How should 'economics' be defined?
Economics is the social science concerned with the production, distribution, and consumption of wealth and the allocation of scarce resources in order to meet apparently unlimited human wants.
Is economics a social science or human science?
economics is a social science
How does economics evolve as a science?
how does economics evolve as a science?
Should economics become a science?
Economics is a science.
Why does the economics is social science?
economics is a science of scarcity
What is the definition of economics?
To manage with economy; to use with prudence; to expend with frugality; as, to economize one's income., To be prudently sparing in expenditure; to be frugal and saving; as, to economize in order to grow rich.
Can economics be consider a science?
Yes, economics can be considered a science.
What is the meaning of social discipline?
Social discipline is defined as a science that is concerned with relationships among societies and individuals. The social sciences include anthropology, psychology, economics, sociology, and political science.
Is economics is classified as a social science?
true
Is economics a science an art or social science explain?
Economics is a social science because it is a field of study dealing with society and human behavior.
Is Economic the social science concerned with the best use of scarce resources to achieve maiximum satisfaction of economic wants?
The best answer is "not exactly." The most popular definition of economics is the social science which studies the allocation of scarce resources to alternate and competing ends. Economics is more concerned with "optimality" (e.g. "best" use) rather than simply maximization of, for example, consumer satisfaction.
