Ask Question
Social StudiesSocial Studies
17 February, 00:23

What characteristics of economic theory makes it scientific

+4
Answers (1)
  1. 17 February, 00:27
    0
    What makes economic theory scientific is the fact that it makes hypothesis and creates models to test those hypotheses on real data and they then try to change their models accordingly to the data to be able to predict it in future with better precision. This is esentially how economic theory is scientific.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What characteristics of economic theory makes it scientific ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Things that cannot be changed in an experiment are dormant called constants called variables not useful
Answers (1)
A break with past experiences and the learning of new values and norms.
Answers (2)
Reese is 4 years old. over the last few years, she has been excitedly learning new skills and trying new things. reese feels confident in her ability to do almost anything and has been fairly successful in learning these skills.
Answers (1)
What does sigmurd freud's theory say about the 20th century?
Answers (1)
in your opinion, Who are the two of the most influential figures of early childhood education and why
Answers (2)
New Questions in Social Studies
Are there more consumers than producers in Greenland
Answers (1)
When marketers use birth dates to distinguish among various groups of customers, it would be an example of segmentation.
Answers (1)
Why is the right of private property an essential characteristic of a market system?
Answers (1)
What were responsibilities of a queen or princess
Answers (1)
China is undergoing a shift in industry, increasing labor specialization and the amount of differentiation present in the social structure. This exemplifies: human ecology dependency theory modernization conflict perspective
Answers (1)
Home » Social Studies » What characteristics of economic theory makes it scientific
Sign Up Forgot Password?