Deal Economics is a SOCIAL science because it deals primarily with how

with the fundamental economic problem of Scarcity. *

Firms

Individuals

the Rest of the World

Households

Government

with the fundamental economic problem of Scarcity.

Explanation:

As per Lionnel Robbins definition, 'Economics is a science that studies human behaviour as a relationship between ends & scarce means, which have alternative uses.'

So, Economics is a social science as it primarily deals with : with the fundamental economic problem of Scarcity.

Individuals, Firms, Households, Government, Rest of the world are important parts of an economy, or economic participants  ie decision makers.

However, the core of economics is 'the problem of scarcity, & resultant economic problems' - what, how, for whom to produce. The problems include all the economic participants mentioned above.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.