Economics is regarded as a science because
...Economics is regarded as a science because
Its issues can be easily verified by reference to facts
It adopts scientific methods in making its analysis
Its issues are relevant for national development
Its subject matter studies human behaviour
Correct answer is B
Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behavior of individuals, groups, and organizations.
Which of the following is NOT a characteristic of perfect competition? ...
A shift in the production possibility frontier could result from ...
In a capitalist system, the means of production is owned and controlled by ...
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In Economics, the reward for labour is in the form of ...
Imperfect market is characterized by ...
The slope of a supply curve is ...