Economics is often described as a science because it

Question

Answer 1

Economics is often described as a science because it

employs the use of laboratory experiments
engages accurate predication of human beings
make use of controlled experiments
use scientific methods to explain observed phenomena ✓

Explanation

Economics is called a science because it uses scientific methods to explain observed phenomena. Economists collect facts, form hypotheses and test them.

It does not rely on laboratory experiments, because people cannot be controlled like chemicals.

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