Why is economics a science subject?

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Ashlynn Satterfield asked a question: Why is economics a science subject?
Asked By: Ashlynn Satterfield
Date created: Mon, Apr 5, 2021 8:41 AM
Date updated: Sun, Sep 11, 2022 11:51 AM

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Top best answers to the question «Why is economics a science subject»

  • Economics is a science because it deals with understanding the flow of information. Economics deals with the flow of commodified information. Knowledge is information that humans have extracted and is known to them. Economics basically studies the flow of goods and services and a claim to those goods and services, goods and services are merely packages of information, what is termed as useful knowledge. That economics studies the flow of information is a sufficient condition for it to be...

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its a science subject because it uses scientific philosophy to explain natual phenomena

collection of data prediction on the basis of the laws observation formulating of hypothesis formulating laws testing the laws organizing or analyzing the data

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