answersLogoWhite

0


Best Answer

Because it tries to predict human emotions (certainty, optimism, insecurity...) and human behavior (investing, buying, saving) with mathematical equations. Try predicting the behavior of your wife, husband, friend (you name it) with mathematical precision. Now try predicting the behavior of people you don't know and people who come from different backgrounds with mathematical precision. It's difficult to design a formula that takes all factors of human behavior into consideration.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is economics not an exact science?
Write your answer...
Submit
Still have questions?
magnify glass
imp