What is paradigm and how is it different from theory, Microeconomics

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What is paradigm and how is it different from theory

Problem

1. What is paradigm and how is it different from theory? Can you provide an example to set the two apart?

2. What is the scientific method and how is it different from the nonscientific methods? Why is it important for students to know this kind of material? Does it really have any significance in real life? If so, try to provide an example.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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