Economics cannot be given the status of science because

Related MCQs

• Economics cannot be considered a perfect science because
• The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT
• Who defined economics as “ Science which deals with wealth”
• In some countries, such as Venezuela, titles, rank, and status carry a lot of weight. These countries have a large:
• Micro economics theory deals with
• Which of these resources would be called as land in economics
• Which of these is not land in economics
• Which of these would be classified as capital in economics
• Capital in economics means
• The terms Micro economic and Macro economics were coined by