Economic is a social Science?

What is economics?

•    Economics is a social science that studies how society chooses to allocate its scarce resources, which have alternative uses, to provide goods and services for present and future consumption.

Social Science

• Economics is a science, a social science that studies how society chooses.
• Sciences are alike in their use of the scientific method, although each science has its own focus.
• Social sciences focus on human behavior.
• Physical sciences focus on natural phenomenon. Psychology is a social science. Chemistry is a physical science.
• Economics is a social science, which means that economists study human behavior confronted by scarcity through application of the scientific method.
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• Economics is a social science that studies how society chooses to allocate its scarce resources, which have alternative uses, to provide goods and services for present and future consumption.