Economics like a social science
Why is economics seen like a social science?
Expert
Beginning with a definition:
The social sciences are a collection of academic disciplines which study human aspects of the world they diverge from the arts and humanities in that the social sciences tend to emphasize the use of the scientific method in the study of humanity, including quantitative as well as qualitative methods.
Economics is clearly a human phenomenon. Even though some topics such as game theory in economics are used in the natural sciences, mathematics and economics remains a study of purely human phenomenon.
Short-run supply curve of a purely competitive firm is the positively sloped segment of: (a) its long run sales revenue curve. (b) its marginal fixed cost curve. (c) its average profits curve. (d) its average total cost curve. (e) its MC curve above t
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The price taker in labor market: (1) Can set the salary that it will pay for the labor it hires. (2) Can set the salary at which it supplies the use of its labor. (3) Doesn’t care what salary it pays or obtains. (4) Can’t influence the wage recognized by t
Can someone help me in finding out the right answer from the given options. The industrial union is intended to cover all the workers who: (1) Encompass a specific skill. (2) Are in a specific industry. (3) Encompass experience as apprentices. (4) Work merely on assem
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“Law of Distribution” given by Vilfredo Pareto asserts that the: (w) relative prices for goods reflect how intensively labor is used as an input. (x) the percentages of national income going to labor and to capital is a co
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