Economics is a social science because it

Assessment: WAEC SSCE - Economics - 1992 (Objective) Subject: Economics

Question 1 Report

Economics is a social science because it
Answer Details
Economics is a social science because it deals with how humans behave when making choices about how to allocate limited resources that have alternative uses. It is related to the production and consumption of goods and services, and how these goods are distributed among individuals and groups. In other words, economics is concerned with the study of how people make decisions in order to satisfy their wants and needs, given that resources are scarce.

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