Asked by
Cesar Ponce
on Nov 17, 2024Verified
The scientific method can be applied to the study of economics.
Scientific Method
A systematic process for conducting research and experimentation, involving the observation, hypothesis formation, experimentation, and the analysis of data to draw conclusions.
Economics
Economics is the social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.
- Understand the employment of the scientific method in economic analysis.
Verified Answer
KT
Learning Objectives
- Understand the employment of the scientific method in economic analysis.