Question

is economy is science and art​

Answer 1

Economics as an Art:

According to Pigou, Marshall etc.,economics is also considered as anart. 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.

Answer 2

Answer:

Thus, Managerial Economics is a Science as well as an Art. It is an Applied Branch of Economics: Various economic principles and theories are applied towards solving the economic problems. For example—Demand analysis, cost analysis, profits analysis are used in solving business problems.