Advantage of classifying things in economics
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Yes, there are many advantages of classifying things. The following are the advantages associated with classification:
1. Saves Time and Energy- Classification of things not only saves our time but also our energy which would otherwise be utilised in searching from entire lot of things.
2. Quick Information- Information can be easily collected from the classified things.
3. Easy Classification- Classification facilitates comparisons and helps in drawing fast conclusions or inferences.
The advantage of classification can be better understood with the help of a daily life example. A post office on the regular basis sorts letters and then classifies them according to various attributes. Letters are classified first according to the states, then according to the cities and streets. Thus, this process of classification helps the postman to deliver posts quickly, efficiently and in a non-haphazard manner.
HOPE IT HELPS YOU AND MARK AS BRAINLIEST.
Yes, there are many advantages of classifying things. The following are the advantages associated with classification:
1. Saves Time and Energy- Classification of things not only saves our time but also our energy which would otherwise be utilised in searching from entire lot of things.
2. Quick Information- Information can be easily collected from the classified things.
3. Easy Classification- Classification facilitates comparisons and helps in drawing fast conclusions or inferences.
The advantage of classification can be better understood with the help of a daily life example. A post office on the regular basis sorts letters and then classifies them according to various attributes. Letters are classified first according to the states, then according to the cities and streets. Thus, this process of classification helps the postman to deliver posts quickly, efficiently and in a non-haphazard manner.
HOPE IT HELPS YOU AND MARK AS BRAINLIEST.
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