Compared with physical sciences, economics is more practical-hence not so concerned with theory.

Question

Quizplus · Accepted Answer

This statement is false. Economics is a social science that deals with the production, consumption, and distribution of goods and services. While it does have practical applications, it is also heavily based on economic theory, models, and concepts. Economists often use theoretical frameworks to analyze real-world data and events.

Compared with Physical Sciences, Economics Is More Practical-Hence Not So