Define economics as science and an art.
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art is the practical application of knowledge for achieving particular goals. Science gives us principles of any discipline however, art turns all these principles into reality. Hence, economics is considered as both a science as well as an art.
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In other way, art is the practical application of knowledge for achieving particular goals. Science gives us principles of any discipline however, art turns all these principles into reality. ... Hence, economics is considered as both a science as well as an art
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