Economics – Sciences or Art

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Economics – Sciences or Art

Economics is both science and as well as art. 
It is a science because an economist uses scientific methods in their analysis. They study economics conditions in a scientific way and establish or formulate general principles or laws to explain people’s economic activities. 
On the other hand, economics is an art. A scarcity of resources compels people to make choices about goods and services. 
To make a good choice among these is an art. Simple scientific formulas and theories are not enough to deal, with complex problems of life, so when practical steps are taken to put suggestions in practice, we see economic is an art.
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Naeem Javid Muhammad Hassani

NJMH is working as Deputy Conservator of Forests in Balochistan Forest & Wildlife Department (BFWD). He is the CEO of Tech Urdu (techurdu.net) Forestrypedia (forestrypedia.com), Majestic Pakistan (majesticpakistan.pk), All Pak Notifications (allpaknotifications.com), Essayspedia, etc & their YouTube Channels). He is an Environmentalist, Blogger, YouTuber, Developer & Vlogger.

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