Economy, asked by sharmacharu7611, 1 year ago

Is economics an art or a science or both?

Answers

Answered by lua
0
Economics is art and science both
Answered by faiza6470
4

Both

If it is a science, then either positive science or normative science.

Economics is also considered as an art. 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. Therefore, considering the activities in economics, it can claimed as an art also, because it gives guidance to the solutions of all the economic problems.

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