Question

economic is a social science true our false​

Answer 1

i think the answer is true

economics is regarded as social science because it uses scientific methods to build theories and to build explanations

Answer 2

The question is answered below-

1. The statement that economics is a social science is completely true and agreeable. It is defined and categorized under social sciences because it studies the behavior of human beings. It studies the way how humans deal with scarcity in the environment.

2. Economics is one of the social sciences that studies and focuses on the market mechanisms of society, demand, supply, production, consumption, distribution, and other related factors.

3. Economics is important as it teaches effective allocation of resources without wasting them. It measures the satisfaction level derived from a commodity. It analyzes the demand and studies the consumption pattern of consumers. Based on this, companies produce goods and services that will meet the parameters of people's wants.