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.
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The arc elasticity of demand Ajax for labor in between point a and point b is about: (i) 0.25. (ii) 0.50. (iii) 0.75. (iv) one. (v) two. Q : Rate of return onto investment When the When the rate of return on investment equals the interest rate, in that case investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible. Hey friends please give your opin
When the rate of return on investment equals the interest rate, in that case investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible. Hey friends please give your opin
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