Why Is Economics a Science?
Economics is called a science subject because it uses scientific measures to explain observed phenomena and predict the outcome of future events.
This scientific method of observation is generally referred to as inductive method.
Click here to save this Post as PDF
Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
Latest posts by Somtochukwu (see all)
- Stock Exchange; Definition, Division and Functions - January 18, 2024
- What is a Cheque? Features & Function of a Cheque - January 17, 2024
- Some of the Various Ways the Government Participates in the Economic Activities of a country. - November 30, 2023