economics is a social science ? prove that?

Answer 1

Economics is a social science because it studies people or human behavior as it relates to changes in their economic environment ie changes in economic variables such as wage rates of workers, prices for goods and services that are purchased, interest rates on loans, savings, mortgage loans, investments et al. It is because it uses the scientific method to conduct research and investigation into economic phenomena such as inflation, production, investment among others.

Answer 2

Yes economics is a social science based on the society as a whole. If people don't spend money as consumers, then the country can't make money as a whole.

Answer 3

hi dere,i can give you some few words to convince you that economics is a social science.economics study human behaviour in a relationtionship between ends and scares means wich have auternative uses.when we mean ENDS,we means .human wants are unlimited and with this,it cannot be study in a laboritery.human also have a chioce which are irractional.with these,it is very difficult the scientist to study it in a laboritry because the equation is alway vague to believe.so,if we can't call it a science,so,we can't also call it a political science because it those not contradict with politics.the only choice we have to call it is behavorial science because it study the behavorial of individual in reference of how they make thier CHIOCES and WANTS in the evironment.if you need more detail,contact me

Answer 4

do no longer somewhat understand your question, all technology makes use of maths to form phenomena. Economics is, at heart, an attempt to describe human behaviour scientifically, via experiments and observations. It targets to be medical, in that it makes hypotheses, seems at archives and runs experiments, and then tests hypotheses. it somewhat is 'social' in that it somewhat is a technology of human behaviour. It tries to foretell and describe social phenomena, extremely than 'actual' phenomena.

Answer 5

Yeah it is. Although contain a lot of calculation, it is very dynamic (the natural science have more exact characteristic).. It depends on social, political, environmental situation and interaction.

Answer 6

From an applied standpoint - government investment/policy in the economy has an effect on the local economy which has an effect on the social conditions. i.e., when coal mining becomes less lucrative in Kentucky, the government there can give tax breaks and/or other incentives to companies who build plants there, and it helps the economy, and therefore hopefully there are fewer poor people there.

Answer 7

Well it's certainly not an exact science so what else could it be, other than a social science?