breefly explain how statics helps in study of economic
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well statistics helps by comparing the the respective things .The subject includes statistical analysis of topics and problems in microeconomics, macroeconomics, business, finance,forecasting, dataquality,and policy evaluation. like u want to compare a poverty every year than it helps in showing us the information in a sheet of paper and the comparison between each year that even help us to progress or develop.
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in statics we get data which are already like population, distribution of income, determine the distribution of income
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