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Economics is an inexact science, one with so many variables that often people implement incorrect economic policy.

Is economics a science?
It is because modern economic theory is based on flawed models which identify the value of economy with few abstract numbers which have little to do with efficient use of resources. How come that there is so much waste in the world, especially in U.S.A. if it is supposed to have an advanced economy? Economy is the science of economizing, or the efficient use of resources. What is economy?