Economics is regarded as a social science because it?

Assessment: JAMB UTME - Economics - 2001 Subject: Economics

Question 1 Report

Economics is regarded as a social science because it?
Answer Details
Economics is regarded as a social science because it adopts the scientific method in the study of human behaviour. Economics is concerned with the study of how humans make choices to allocate scarce resources to meet their unlimited wants and needs. It uses quantitative and qualitative methods to analyze human behavior, social phenomena, and economic problems. As a social science, economics also studies the impact of economic policies on society and how economic systems affect social welfare.
Read lesson note on Economics As A Science (JAMB)
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