While economics itself is often considered a social science, many of the social sciences, including anthropology, sociology, political science and history, all relate to economics and how the economy plays a role in human behavior throughout different time periods and cultures. Understanding the production and transfer of goods or money within a society is vital to understanding that society as a whole. For this reason, economics is closely linked with all social sciences and the study of human behavior.Continue Reading
Social sciences examine how humans interact within a society. The economy is a great indicator of how those within a society can and do interact, and for that reason it is imperative to understand economics if one hopes to engage in the social sciences. For instance, one cannot study the Great Depression in the United States or the Great Leap Forward in China without understanding how it was the economy that drove human behavior in those periods. Similarly, taking a look into a country's economic stability and transfer of goods and services give anthropologists insight into that country's culture.
Human behavior and economics are so closely related that one cannot be studied without the other. Economics itself is a social science, and the study of economics can be related to all other social sciences.Learn more about Economics
Economics is a social science because it examines the social behavior of human beings with regards to allocation of scarce resources in order to meet the needs of each individual in the society. Economics does not only involve production and distribution of goods and services, but also the human factor.Full Answer >
The main concepts of sociology include the history and theories to explain and predict human behavior and interaction; the symbols, values, norms and languages of cultures and society; and social interactions and social control. Class systems within cultures and groups are also a main concept of sociology.Full Answer >
"Descriptive economics" involves gathering and compiling data about the economy, while "economic theory" involves the interpretation of this data as well as the formation of hypotheses. Descriptive economics occurs when economists make observations, notice patterns and record facts.Full Answer >
According to textbook publisher Pearson Prentice Hall, the definition of descriptive economics is the branch of economics tasked with gathering data about the economy. Economists present this data as positive facts, which are facts based on sound scientific principles.Full Answer >