Question
Could you please assist me with this questions? Q. Is economics a science?Why, or why not? As part of your response and explanation, include the
Could you please assist me with this questions?
Q. Is economics a science?Why, or why not? As part of your response and explanation, include the definitions of "science" and "economics" as you understand them.
A. Science is study of thestructure and behavior of the physical and natural worldthrough observation and experiment to build the theory. This is methods used by economic. Economics is a social science rather than a hard science because it uses scientific methods to build theories that can help explain the behavior of individuals, groups and organizations. In addition to this, Economic can be approached as a scientifically, and its theories can be tested and modeled.
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