A branch of social studies
A study of the ways man devises to satisfy his unlimited wants from unlimited resources
A dismissal science in the Malthusian sense
Governed by scientific law
The study of human wants by the means of scientific method of observation
Explanation
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Discussions (29)
D correc ans. is B.Economics is a social science bcos it studies human behavioural aspect of living..so dere 4 it is 2 satisfy d limited wants 4rm unlimited resource.
option e z d ansa bcoz d ? said it z a social science bcoz.and if u study ur text buk wel it clearly make us no dat econs is a social science coz it study human behaviour in relationship btw end and scare means.mind u want can also replace ends.and dnt 4gt d fact dat it uses hypothesis,theory,analysis,collection of data e.t.c wich z concernd wit science.
Objective questions are designed in such a way that learners do more of thinking than writting.therefore,option B was provided as a Distractor. The correct answer is 'E' becos Economics is a social science which studies human behaviour in relationship b/w ends,scarce,means,which have alternative uses.
There is Error in that answer cos resources are limited. The answer is E. It is a social science because it studies human behaviour which can at times be by scientific methods e.g inductive or deductive reasoning
E is d rght answer bcos economics won't have had the status of 'science' but bcos of some certain features of science associated with it e.g. obsvtn,make it a 'social science'.
It does nt study human want becos human want ar numerous bt study human behavious,take note dat.
the correct ans is B,bt there is a typographical error there,economics is called asocial science because it studies human behaviour as arelationship btw ends nd scarce means which has alternative uses.
Pls dy askd u why it is a social science nd nt why it is called science, read well b4 answering d ansa is B
I tink there is an error in d answer bcos economics is a social science dat study human behaviour as end means which have alternative uses. D answer should b E.
Option E only said its a study of human wants,can't u guys see that? it didn't include the means of solving those wants.
The correct answer is E
REF:essential economics chapter 1 page 3
Read from the last paragraph on the left
