Economic Definition of scientific method. Defined.
Offline Version: PDF
Term scientific method Definition: A structured way of investigating and explaining the operation of the world by testing and verifying hypothesized relationships. The scientific method is a process of discovery, a method of explaining phenomena that can be better understood with an overview of theory, principles, world view, hypothesis, and verification.
Permalink: https://glossary.econguru.com/economic-term/scientific+method