Introduction To Micro-Economics — Economics STD 11 — Question
Tamilnadu BoardEnglish MediumSTD 11EconomicsIntroduction To Micro-Economics3 Marks
Question
Whether economics is an art or science? Explain.
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Answer
Economics as an art: Art is the practical application of knowledge for achieving particular goals. Economics provides guidance to the solutions to all the economic problems. A.C. Pigou, Alfred Marshall, and others regard economics as an art.
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