Economic laws are more accurate due to statistics. Give the reason.
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Answer:
Statistics provide the accurate figures and projections .
Explanation:
statistics is a branch of mathematics that deals with collection of data analyzing the data organizing the data and also interpreting the data .
From this it is realized that statistics is a rigorous procedure and its employment on formulation of economic laws ensures the formation of laws that are accurate . statistical data can be obtained through observation , experimentation , collection of samples and even physical collection of data from people .
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