2007-09-04 10:01:59 · 4 answers · asked by Anonymous in Social Science ➔ Economics
Economics is a social science as it is a study of human behavior, how human behave and act in a market.
Adam smith define economics interms of wealth and nation
2007-09-04 10:08:36 · answer #1 · answered by M.A.W. 3 · 0⤊ 0⤋
Don't define economics (or any other broad discipline, for that matter). Whatever definition you come up with, there will be at least one subdiscipline that will fail to meet that definition.
For example, M.A.W. says above, "economics is a social science as it is a study of human behavior, how human behave and act in a market." Yet a part of economics has to do with how humans behave OUTSIDE the market, from the study of non-market economies to the study of market failures.
In a similar vein, csn0331 defines economics as "people using choices and preferences to satisfy their wants and needs with scarce resources". Yet financial econometrics, for example, cares nothing of people, preferences, or scarce resources.
2007-09-04 19:12:02 · answer #2 · answered by NC 7 · 0⤊ 0⤋
People using choices and preferences to satisfy their wants and needs with scarce resources.........
2007-09-04 17:50:55 · answer #3 · answered by csn0331 3 · 0⤊ 0⤋
Hi
Economics is, all the statisticians lade end to end, and never coming to a conclusion.
2007-09-04 17:12:58 · answer #4 · answered by GIG 3 · 0⤊ 0⤋