Explain any four limitation and benefits of of index number.
Answers
Answered by
1
They are simply rough indications of the relative changes. The choice of representative commodities may lead to fallacious conclusions as they are based on samples. There may be errors in the choice of base periods or weights, etc.
Similar questions
Political Science,
2 months ago
Math,
2 months ago
Computer Science,
2 months ago
English,
4 months ago
English,
4 months ago
English,
11 months ago
Math,
11 months ago