ccs ballb complete

A)  Economics as a science. According to economics, regarding the nature of economics, whether the subject economics is considered as science or an art. If it is a science, then either positive science or normative science.  There are following characteristics of any science subjects such as: Laws are based on experiments and are universally accepted. It develops correlation between cause and effect. It is based on systematic study of knowledge on facts. It makes future predictions. It has a scale of measurement. Economics is also based on experiments and also universally accepted like law of demand, law of supply, law of diminishing marginal utility, etc. Economics deals with the correlation-ship between cause and effect.  Example:Change in price is cost per change in demand/Supply is effective Economics is also a systematic study of knowledge and facts. All the theories are facts related with both micro and macro economics and systematically collected an...