Question

Framing suitable policies to solve inequalities of income denotes that economics is ______.

• A. a science
• B. an art
• C. both a science and an art
• D. neither science nor an art

Answer 1

The correct option is B an art

Framing suitable policies to solve inequalities of income denotes that economics is an art.
Economics as an art: Like art, economic problems can be solved practically. Also, it can be taught with the help of guidance, like art can be taught and the end can be achieved. So framing policies for a problem is the application of economic theories and principles based on knowledge.