Question

state the important aspects of diagrams and graphs in economics​

Answer 1

Answer:

Diagram gives an alternative and elegant presentation:

Diagrams leave good visual impact: The visual impact of the diagram stresses the mind of the people to think about the situation of the statistics.

⏩Saves time: ⏩Diagrams present the set of data in such a way that their significance known without loss of much time.

⏩⏩Graphs reveal trend of the data series which is helpful for simple forecasting