How Does Economics Differ from a Natural Science?

Seminar paper from the year 2011 in the subject Business economics - Miscellaneous, grade: B, The University of Chicago, language: English, abstract: Natural science is a subject which deals with the natural environment of earth. Economics is a social science which details about the economy and its effect and impact on the society. The market place where trade and commerce takes place in the society is never a preexistining condition of nature. It is not cosmic or natural. This process is controlled by people and is chiefly manipulated to fulfill specific motives. Where there is money, there is economics. Thus, economics is related to society and its people. The subject is therefore often identified as a part of social science and not a branch of natural science, chemistry or mathematics.