Various definitions to Economics have been presented by economists.

• Some definitions describe the scope of Economics whereas some definitions
  describe the methodology of Economics.
• Economics studies how people behave in an Economic way in society, and the
  methodology used.
• The Economics is a social science since it studies the economic behavior of the
  people in society
• Economics is considered a science because Economic theories and principles are
  based on scientific methods

Economics differs from the natural sciences for the following factors

• The theory of Economics examines the behaviour of people in the context of
  Economics.
• Theories of Economics cannot be proved inside laboratories.
• Theories of Economics change in terms of factors such as: time ,region and
  ethnic group.
• The way of thinking according to Economics is making decisions logically by
  comparing the marginal benefits and marginal cost.

Economics is important for groups to take logical decisions

• To producers
• To votes
• To employees
• To employers.
• To consumers
• To government administrators