Economy, asked by Vahin9574, 1 year ago

concept of economics and significance of statistics in economics class 11 notes

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Answered by angel294
160
hope this will help you alot....
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Answered by Nyaberiduke
45

Economics is the study of trying to know how people use resources. Resources are very many like time,land,buildings e.t.c economics discuss the economic problems and economic activities and gives a solutions to the problems.

Statistics play a very important role in economics,in economy research methods statistics is the main tool to be use in analyzing data and collecting the at the same time.


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