Economy, asked by ppalakjain412, 3 months ago

Define ‘ Economic Model '

Answer in one or two marks​

Answers

Answered by waliameenu97
0

Answer:

Economic Model describes how your business works from an economic perspective.

Answered by llSingularityll
2

Answer:

A economical Model is a simplified description of

  • reality
  • design to yield hypotheses about economic behaviour that can be tested

it generally consists of sets of mathematical equations that describe a theory of economic behaviour .

HOPE IT HELPS :)

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