5 Questions
What is the nature of Economics according to the text?
Both an art and a science
How does Economics as a Science classify the relationship between cause and effect?
It deals with both positive and normative science
What does positive science in economics deal with?
The relationship between cause and effect by scientifically analyzing the problem
What is the focus of normative science in economics?
Prediction of the future
What is the main characteristic of Science according to the text?
Based on systematic study of knowledge or facts
Explore the characteristics and scope of economics as both a science and an art. Delve into the systematic study of economic knowledge and its implications.
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