How is economics a science
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economics is regarded as a science because it uses scientific methods to build theories that can help explain the behaviour of individuals , groups and organisations. Economics attempts to explain economic behaviour ,arises when scarce resources are exchanged.
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Economics is the scientific study of the ownership, use, and exchange of scarce resources – often shortened to the science of scarcity. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations.
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