Economics like a social science
Why is economics seen like a social science?
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Beginning with a definition:
The social sciences are a collection of academic disciplines which study human aspects of the world they diverge from the arts and humanities in that the social sciences tend to emphasize the use of the scientific method in the study of humanity, including quantitative as well as qualitative methods.
Economics is clearly a human phenomenon. Even though some topics such as game theory in economics are used in the natural sciences, mathematics and economics remains a study of purely human phenomenon.
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Unlike a monopolistically competitive firm, which an oligopoly is described by: (w) product differentiation. (x) extensive use of advertising. (y) conscious interdependence in decisionmaking by firms. (z) independence among firms. Discover Q & A Leading Solution Library Avail More Than 1443837 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1948930 Asked 3,689 Active Tutors 1443837 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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