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Definition of Economics

Economics is ...

Question

Economics is ________.
A. Science
B. An Art
Select the correct answer from the options given below -

A

A only

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B

B only

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C

Both A and B

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D

Neither A nor B

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Solution

The correct option is C Both A and B
Economics is an art as it involves day to day application of human life and does it affects the future of an economy which brings the theory of personalized application.
It is a science because it has many law derived out of many theories based on cause and experiments with careful observation.

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