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.
The nature of economics. Economics is the scientific study of the ownership, use, and exchange of scarce resources-often shortened to the science of scarcity. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations. Economics attempts to explain economic behaviour, which arises when scarce resources are exchanged. In terms of methodology, economists, like other social scientists, are not able to undertake controlled experiments in the way that chemists and biologists are.