what are the scope of economics

what are the scope of economics? is economics a science subject? the major part of the study of economics covers business environment in relation to human behavior all as scope of economics

what areas of life does the scope of economics cover

Economics is also concerned with human behavior, such as how people in the process of buying and selling are scope of economics

Economics as a social science subject is also concerned with the study of firm or companies and the government which is responsible for the provision of goods and services for its people in order to satisfy their wants is a scope of economics
Economics is also regarded as a science because it adopts the scientific method.

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NATURE AND SCOPE OF ECONOMICS


Economics belongs to a group of subject called social sciences. Other social science subjects are sociology, geography, psychology, government, political science, religious studies, anthropology and philosophy and other scope of economics

opportunity cost

Economics is regarded as a social science because it studies human behavior. For example, is the price of a commodity rises, people will buy more, all things being equal? read here for more about purchasing power

WEED AND THEIR BOTANICAL NAMES
1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION
2. DISEASES

how economics studies human behavior


Economics is also concerned with human behavior, such as how people in the process of buying and selling. Economics as a social science subject is also concerned with the study of firm or companies and the government which is responsible for the provision of goods and services for its people in order to satisfy their wants. scope of economics

why economics is regarded as a science subject


Economics is also regarded as a science because it adopts the scientific method. The scientific method involves the following: read more on scientific methods here
Observation
Formulating a hypothesis
Collection of data
Organizing or analyzing the data
Formulating laws
Testing the laws
Prediction on the basic of the laws


Even though economics is often regarded as a science subject, it does not assume the same level of precision and accuracy as any of the natural pure or physical and biology.

This is because economics deals with human behavior, which is very complex and changes from time to time depending on the circumstances. all these mentioned above are some of the scope of economics

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