Q.Economics is An art.Explain?
No Copied Answer!!
Answers
Question
Economics is An art? Explain.
Answer
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.
Explanation
Economics makes a false claim to be a science just like Political Science.
Economics is an art that requires an understanding of power, psychology, philosophy, history and society.
Its operative assumption is that we are “utility maximizing creatures” who are rational and informed.
- Hope it helps...
- Follow Me...
Hello!
Economics as an Art?
✍️Econmics is considered as an art which is the knowledge to attain particular goals of life
✍️It deals with the correlation-ship between cause and effect.
✍️All the laws in economics are also universally accepted, like, law of demand, law of supply etc.