Explain the Rationale Behind the Assertion That Economics Is a Social

question 68

Essay

Explain the rationale behind the assertion that economics is a social science and uses the scientific method.

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Definitions:

Cash Distribution

The allocation of funds or payment of dividends to a company's shareholders typically in the form of cash.

Bonus

An additional compensation given to employees as a reward for their performance or as part of their benefits package.

Capital Balances

signify the amount of money that stakeholders have invested in a company, often reflected in the equity or capital accounts on the balance sheet.

Market Prices

The ongoing rate for buying or selling an asset or service in a designated trading area.