Question

Economics is a:
I Physical science
II. Pure science
III. Social science
IV. Statistical science
Select the correct answer from the options given below-

• A. I&IV
• B. II & III
• C. III only
• D. II only

Answer 1

Answer: (C)

III only

Economics is a subject which backed by systematic body of knowledge that has universal application with cause and effect relationship which makes it science as well as it requires personalized application and creativity at the time of its implementation which makes the subject an art. Therefore, economics is regarded as social science.