Explain Why It Is More Difficult to Determine Causality in Economics

question 25

Essay

Explain why it is more difficult to determine causality in economics than in other sciences such as physics, chemistry, and biology.

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Definitions:

Subscriber

A person or entity that is registered or subscribes to a service, often used in the context of insurance or publications.

Insurer

A company or entity that provides insurance policies to protect against financial losses.

Deductible

A fixed dollar amount that must be paid by the insured before additional expenses are covered by an insurer.

Liability Insurance

A type of insurance that covers injuries caused by the insured or injuries that occurred on the insured’s property.