2007-02-15 17:08:28 · 6 answers · asked by Anonymous in Social Science ➔ Economics
You can say 'if the price of a car drops from $10,000 to $1000 it is most likely more people will buy it.' That's what you'd learn in economics, and it would probably be true. But you can't say 'it's a fact that if a car drops to 1/10 the price people will buy it.' because there is a chance more people might actually not buy it. There are always odds scenarios and other factors, therefore you can never assume anything in economics is fact.
However you can always say 'a water molecule is composed of two hydrogen atoms and one oxygen atom (H2O),' and it will always be true.
In other words, nothing in economics is definite and we therefore can't consider it a science.
2007-02-15 17:20:20 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Economics is the KING OF SUBJECTS.
Without Economics we cannot live, as it involves money , need and supply.
Who said it is dismal?
2007-02-16 08:02:56 · answer #2 · answered by Kamal M 3 · 2⤊ 0⤋
Because some early economist predicted that workers would always be trapped in poverty. They assumed that any increase in production would be balance by population growth.
2007-02-16 06:47:43 · answer #3 · answered by meg 7 · 1⤊ 0⤋
sounds pretty dismal to me
2007-02-16 01:11:05 · answer #4 · answered by rose_merrick 7 · 0⤊ 1⤋
Because it can't be tested like other sciences
2007-02-16 01:14:28 · answer #5 · answered by Mike J 5 · 0⤊ 1⤋
Because it shows that we can't have everything, but actually have to get out and work.
2007-02-16 01:35:17 · answer #6 · answered by Anonymous · 0⤊ 1⤋