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JAMB - Economics (1978 - No. 31)

Economics is called a social science because it is
A branch of social studies
A study of the ways man devises to satisfy his unlimited wants from unlimited resources
A dismissal science in the Malthusian sense
Governed by scientific law
The study of human wants by the means of scientific method of observation

Forklaring

Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behavior of individuals, groups, and organizations.

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