economic tools of analysis of science
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Slope is one of the most important tools used for economic analysis. It helps in determining the changes produced in one variable with a change in another variable. Therefore, slope can be defined as the change occurs in dependent variable due to the change in independent variable.
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The basic tools in economics are used for the interpretation and analyses of some problems which are often presented in statement which seems difficult to understand. The use of these basic tools makes it easier. Some of these basic tools are: Tables, Graphs, Charts, Mode, Mean, Median, standard deviation etc.
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