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Economics is called a social science because it is

Economics
JAMB 1978

Economics is called a social science because it is

  • A. A branch of social studies
  • B. A study of the ways man devises to satisfy his unlimited wants from unlimited resources
  • C. A dismissal science in the Malthusian sense
  • D. Governed by scientific law
  • E. The study of human wants by the means of scientific method of observation
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Correct Answer: Option E
Explanation

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.


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