Study of the problem of poverty denotes that economics is—
  • a)
    a science
  • b)
    an art
  • c)
    both a science and an art
  • d)
    neither a science nor an art
Correct answer is option 'A'. Can you explain this answer?

CA Foundation Question

Yash Falia
yesterday
Economics as a science: Like science, economics is also based on systematic knowledge which is based on facts and data. ... Hence, when we study the problem of poverty, we study it on the basis of facts and data.

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