English Meaning: The name Lona is an English baby name. In English the meaning of the name Lona is: Solitary.American Meaning: The name Lona is an American baby name. In American the meaning of the name Lona is: Solitary.SoulUrge Number: 7. Expression Number: 6. People with this name have a deep inner need for quiet, and a desire to understand and analyze the world they live in, and to learn the deeper truths.nglish Meaning: The name Lona is an English baby name. In English the meaning of the name Lona is: Solitary. American Meaning: The name Lona is an American baby name. In American the meaning of the name Lona is: Solitary. SoulUrge Number: 7.
A: 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.
Quick Answer. The field of economics uses scientific methodology to unveil truths about its nature. Economists often perform experiments and use scientific tools for crafting analyses. However, much of the attention paid to economics focuses on its non-scientific aspects. At its core, the field of economics tries to uncover basic universal facts. Like many sciences, economics has a strong foundation in mathematics, and it is developed by testing hypotheses. In many ways, economics can be viewed as a field of applied psychology. Understanding how humans behave in certain situations and respond to changes is essential for the field's development.