its because it uses scientific methods or approach
2007-02-08 06:54:34 · 4 answers · asked by naiysa o 1 in Social Science ➔ Economics
The scientific method means that when empirical evidence contradicts a theory, the theory is abandoned. To the extent this happens in economics it is a science, to the extent that it does not it is politics.
2007-02-08 14:01:10 · answer #1 · answered by meg 7 · 0⤊ 0⤋
Yes, when possible economic theories hold all things constant and examine the results of changing one variable.
2007-02-08 06:57:48 · answer #2 · answered by tabby90 5 · 0⤊ 0⤋
science is the study of the inner workings of various things such as the body...biology.. the stars ....astronomy. so economics is the study of money and its effect on society and businesses
2007-02-08 06:58:08 · answer #3 · answered by nick p 1 · 0⤊ 0⤋
It's a "social" or "soft" science.
2007-02-08 06:57:27 · answer #4 · answered by tchem75 5 · 1⤊ 0⤋