Sign In
Ask Question
Social Studies
Micah Nielsen
18 October, 00:51
Why is economics considered a science
+2
Answers (
1
)
Naomi Brown
18 October, 01:08
0
At its core, the field of economics tries to uncover basic universal facts. Like many sciences, economics has a strong foundation in mathematics, and it is developed by testing hypotheses. In many ways, economics can be viewed as a field of applied psychology. Understanding how humans behave in certain situations and respond to changes is essential for the field's development.
Unlike the so-called "hard sciences," however, many economic hypotheses are difficult to test. Economic systems are run by governments, and it is immoral to cause economic harm to individuals and populations. With its strong mathematical foundation and its reliance on human behavior, economics straddles the gap between more basic types of science and so-called "soft sciences" such as anthropology and sociology.
In the media and in politics, however, the scientific aspects of the field are often ignored. Politicians might discuss the morality of different economic policies, and they might make promises based on faulty economic premises. Because economic policies have such a dramatic effect on the lives of voters, politicians spend a considerable amount of time developing a message that influences voters.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“Why is economics considered a science ...”
in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Ice princess Where Is she planning on attending college?
Answers (1)
Which federal government department is responsible for the census
Answers (1)
Why did people who lived in Quebec want to be independent form Canada?
Answers (1)
What would a scientists next steps be if his/her data supported his/her hypothesis
Answers (1)
All of the follwing are types of education offered at a community college except
Answers (1)
New Questions in Social Studies
Halo was an avid believer in astrology until she saw a documentary demonstrating that it is not a real science and heard her psychology professor refute the claims made by astrologers.
Answers (1)
Which company has the comparative advantage in producing small tubes of toothpaste?
Answers (1)
The statement "the quantity demanded of a product varies inversely with its price" is a definition
Answers (1)
There is a proposal to set up a new prison in North Dakota. To create a safe and secure environment in this prison, which of the following should be the most important criterion?
Answers (1)
Children generally describe females in action-related terms, and males in appearance-related terms. a. True b. False
Answers (1)
Home
»
Social Studies
» Why is economics considered a science
Sign In
Sign Up
Forgot Password?