Question

1. What is economics?
2. Meaning,Scopes, functions and importance of statistics in economic​

Answer 1

Answer:

1 answer Economic is a social science that studies the production ,distribution and consumption of goods and services . economics focuses on the behaviour and interaction of economic agents and how economies work.

2 answer Statistics may be defined as the collection, presentation, analysis and interpretation of numerical data. Statistics is a set of decision-making techniques which helps businessmen in making suitable policies from the available data.

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Answer 2

Answer:

1

its most simple and concise definition, economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. ... Macroeconomics - the branch of economics that studies the overall working of a national economy.

2

Explanation:

Statistics may be defined as the collection, presentation, analysis and interpretation of numerical data. ... The purpose of statistics and mathematics is to manipulate, summarize and investigate data so that the useful decision-making results can be executed.