Why Economics is a Science? Meaning & Definition

Why Economics is a Science? Meaning & Definition

Why Economics is a Science? | Economics is called a science subject because it uses scientific measures to explain, observed phenomena and predict the outcome of future events. This scientific method of observation is generally referred to as inductive method.
Kritarchy: Definition & Features of Kritocracy

Kritarchy: Definition & Features of Kritocracy

The concept of ‘kritarchy‘ emanated from the Greek words: 'krités' meaning judge and 'arche' meaning principle. The concept was formally coined by the English author Roben Southey in 1844. Kritarchy is a form of political system where all panics enjoy equal justice.