Economics may be referred to as a(n)________ science, meaning that data is looked at to see whether assertions are correct.

Question

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Economics is an empirical science, which means it relies on data and evidence to test theories and hypotheses. The validity of economic assertions is determined by analyzing data and observing real-world phenomena. This empirical approach is what sets economics apart from assumptive or speculative sciences.

Economics May Be Referred to as A(n)________ Science, Meaning That