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
Explanation
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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