Relation of Economics and social science

Positive or normative Economics - Relation of Economics and social science

Relation of Economics and social science:

Economics is a social science that deals with human needs and their satisfaction. It is associated to other social sciences such as politics, sociology, history, ethics, jurisprudence & psychology. For illustration, the economic development of a nation based not only on economic factors however also on historical, political & sociological factors. The country did not have much of economic progress all through the British rule owing to historical reasons. Once more, we had slow however steady economic growth since of political stability. However in many countries, there was no steady growth since of political instability. When there is one government nowadays and another government tomorrow, there will not be economic progress in that country.

 

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