Use app×
QUIZARD
QUIZARD
JEE MAIN 2026 Crash Course
NEET 2026 Crash Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
492 views
in Nature and Scope of Economics by (51.0k points)
closed by

State two limitations of economics.

1 Answer

+1 vote
by (47.7k points)
selected by
 
Best answer

1. Study of activities of abnormal and unsocial human beings is not done is economics. Professor Robbins considered economics to be human science rather than social science. 

2. Only economic activities are studied under economics. Economists accept economics in the form of a science as well as an art. In the form of science, they regard it to be not only positive science, but also normative science. There are two branches of economics. Pure economics and Applied economics – which are considered to be science and art respectively.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...