Question

2. What is the significance of the five mentioned social science to economics.​

Answer 1

Answer:

significance of social science :

Social Sciences is important because its study helps us to gain knowledge of the society we live in. Generally, Social Science focus on the relationships among individuals in society. It is the mixture of many subjects like History, Geography, Political Science, Economics, Sociology, Social Psychology and many more.

Social Sciences is important because its study helps us to gain knowledge of the society we live in. Generally, Social Science focus on the relationships among individuals in society. It is the mixture of many subjects like History, Geography, Political Science, Economics, Sociology, Social Psychology and many more.social science is important because it provides an evidence-based foundation on which to build a more effective government and democracy. Why social science? Because it helps people understand and engage with the key political and social institutions, thus benefiting individuals and society as a whole.

Explanation:

The term Social Science refers any subject that deals with human behaviour. Political Science, Psychology, Ethics, etc. come within the definition of Social Science.

Economics is a social science because it deals with one aspect of human behaviour, viz., how men deal with problems of scarcity. Samuelson says that Economics is “the queen of the social sciences”.

Economics deals with human beings living in a society, i.e., in a large group of persons with touching interests and problems. It does not deal with problems of solitary individuals like Robinson Crusoe. In a community of people everybody is influenced by the actions of the others.

Economics deals with the activities of people, living in an organised community or society, in so far as such activities are related to the earning and use of wealth or with the problems of scarcity, choice and exchange. Economics is, there­fore, considered to be a branch of sociology which is a study of the history and nature of society. As a consequence of this we find that economics is closely related to the other social sciences like Ethics, Political Science, and History etc.