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Cesar Ponce
on Nov 17, 2024

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The scientific method can be applied to the study of economics.

Scientific Method

A systematic process for conducting research and experimentation, involving the observation, hypothesis formation, experimentation, and the analysis of data to draw conclusions.

Economics

Economics is the social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

  • Understand the employment of the scientific method in economic analysis.
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Kamea TimmerNov 23, 2024
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