Economics is often described as a social science because?

Assessment: JAMB UTME - Economics - 2020 Subject: Economics

Question 1 Report

Economics is often described as a social science because?
Answer Details
Economics is often described as a social science because it uses scientific methods to study human behavior and decision making related to the production, distribution, and consumption of goods and services. Unlike natural sciences such as physics and chemistry, economics does not typically rely on laboratory experiments or controlled experiments. Instead, it often makes use of fieldwork, data analysis, and other methods to understand complex economic phenomena. By using scientific methods and a systematic approach to studying economic behavior, economists can build models and theories that help to explain observed economic patterns and make predictions about future economic events.

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