Economics is a __________science
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Economics is a social science.
Economics is the scientific study where one learns about ownership, use and exchange of the scarce resources.
It is often shortened to the science of scarcity.
It is regarded as a social science because of its use of scientific methods which helps building up theories that helps in explaining the behavior of the individuals, organisations and groups.
The study of economics basically tries to explain the economic behavior that arises while exchanging scarce resources.
Economics is the scientific study where one learns about ownership, use and exchange of the scarce resources.
It is often shortened to the science of scarcity.
It is regarded as a social science because of its use of scientific methods which helps building up theories that helps in explaining the behavior of the individuals, organisations and groups.
The study of economics basically tries to explain the economic behavior that arises while exchanging scarce resources.
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Answer:
Economic is a branch of social science.
Explanation:
The Definition of economics as given by different economist's can be classified into main four groups as under.
1. Wealth defination,
2. welfare Definition,
3. scarcity definition,and
4.Growth definition.
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