economic science Antonyms
No Synonyms and anytonyms found
Meaning of economic science
economic science (n)
the branch of social science that deals with the production and distribution and consumption of goods and services and their management
economic science Sentence Examples
- Economic science delves into the complex interactions between individuals, governments, and businesses as they seek to optimize their economic outcomes.
- The study of economic science equips individuals with the knowledge to analyze economic phenomena, providing insights into production, distribution, and consumption of goods and services.
- Economic science aims to understand how economic systems operate, how resources are allocated, and how decision-makers respond to economic incentives.
- Economic science provides a framework for understanding economic behavior, allowing researchers to make predictions about future economic trends and outcomes.
- Economic science utilizes mathematical models, statistical analysis, and econometrics to examine economic data, enabling the formulation of evidence-based economic policies.
- Economic science assists in determining the most efficient allocation of resources within society, ensuring that scarce resources are utilized in a manner that maximizes overall social welfare.
- Economic science contributes to the analysis of economic policies, evaluating their effectiveness in achieving desired economic outcomes and addressing societal challenges.
- The study of economic science fosters critical thinking skills, enabling individuals to comprehend economic dynamics and make informed decisions in economic contexts.
- Economic science equips individuals with the necessary tools to navigate economic environments, making sound financial decisions and mitigating economic risks.
- Economic science serves as a foundation for understanding economic phenomena, guiding policy-making, and shaping economic outcomes in both micro and macroeconomic dimensions.
FAQs About the word economic science
the branch of social science that deals with the production and distribution and consumption of goods and services and their management
No synonyms found.
No antonyms found.
Economic science delves into the complex interactions between individuals, governments, and businesses as they seek to optimize their economic outcomes.
The study of economic science equips individuals with the knowledge to analyze economic phenomena, providing insights into production, distribution, and consumption of goods and services.
Economic science aims to understand how economic systems operate, how resources are allocated, and how decision-makers respond to economic incentives.
Economic science provides a framework for understanding economic behavior, allowing researchers to make predictions about future economic trends and outcomes.
