Economics is regarded as a science because
...Economics is regarded as a science because
Its issues can be easily verified by reference to facts
It adopts scientific methods in making its analysis
Its issues are relevant for national development
Its subject matter studies human behaviour
Correct answer is B
Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behavior of individuals, groups, and organizations.
Malthus observed in his theory that population was growing ...
In perfectly elastic supply, the supply curve ...
The gap between demand and supply curve below the equilibrium price indicates ...
Using functional relationship in economics QX = f (px, po, y, T); po stand for ...
Total of all expenditure incurred during the year ₤80,000 m Indirect taxes on goods and services ...
An industry is best described as ...
A public limited company could finance its operations through ...