Question

Economics is both a science and an art. This statements is __________.

• A. true
• B. false
• C. partially true
• D. none of the above

Answer 1

The correct option is A true

Economics is backed with a systematic body of knowledge which is universally applicable with cause and effect relationship as well as it requires personalized application and creativity while applying the theoretical knowledge. Thus, it is both a science as well as an art and is termed to be a part of social science.