Economy, asked by harshiharshitha1268, 1 day ago

importance of statistics in economics.
I need point wise answer

Answers

Answered by Aʙʜɪɪ69

0

Explanation:

The field of Statistics deals with collection, organisation, analysis, interpretation and presentation of data. Statistics plays a vital role in understanding economic data such as the relationship between the quantity and price, supply and demand, economic output, GDP, per capita income of nations etc.

Previous Question

Next Question

Similar questions

Science, 15 hours ago

What I Have Learned Complete the statements below to express what you had learned from the lesson. 1. it is a component of a solution which dissolves the other component in itself. It institutes the larger component of the solution. 2. it is the component of the solution which dissolves in the | solvent. It has the lesser component of the solution. 3. A maximum amount of solute that can dissolve...

History, 15 hours ago

abanindranath painting with design as an organised protest against foreign influence true or false...

Biology, 15 hours ago

what are the factors that affect on climate control...

Social Sciences, 1 day ago

how did universe formed and why...

Math, 1 day ago

simplify:- 1/2+{19/4 -(19/6 - 7/3)}प्लीज गिव मी आंसर फास्ट ...

Math, 8 months ago

.) 15 m² - 15 m + V5 = 0, which of the following statement is true for this given equation? a) Real and unequal roots b) Roots are not real c) Three roots d) Real and equal roots...

Physics, 8 months ago

what is mean by lubrican...

Science, 8 months ago

Q:5. What hacking attacks were mentioned in the lesson? 1. Hacking in French Election 2. ATM Hacking in India 3. Denial of Service attack in Turkish Bank 4. All of the above...