Review: RIFF-it. RIFF-it good. We're coming out swinging! Started out in the spring of 2003. Never went to school, nobody talked to me. Except to tell me all the things I couldn't do. Don't want to hear about it.
The set of fundamental information that affects a business or an investment's value. Various economic factors need to be taken into account when determining the current and expected future value of a business or investment portfolio.
Quick Answer. 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.