Economy, asked by Drazze3968, 1 year ago

Explain the relationship between Economics and Statistics and discuss how far it is correct to say that the science of economics is becoming statistical in its method.

Answers

Answered by Vinayakkumarmodanwal
51
Economics and Statistics are related to each other because statistics provides base to understand economics perfectly.Statistics gives numerical expression of theories explained in Economics which further help in the development of Economics .It is correct to say that the science of economics is becoming statistical
Answered by laxmirajamgudugula
8

Explanation:

This is in the inter syllabus from material read it

hope it is helpful....

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