Nature and Scope of Economics

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By HallowedSphene

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5 Questions

What is the nature of Economics according to the text?

How does Economics as a Science classify the relationship between cause and effect?

What does positive science in economics deal with?

What is the focus of normative science in economics?

What is the main characteristic of Science according to the text?

Description

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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