Economy, asked by navu20, 1 year ago

tell me the answer of 4& 5 question, it's urgent

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Answers

Answered by Strykar
2
Q4-- Merit- Its saves time and money since one do not have to travel from place to place.
Demerit- It may not be accurate data since the recipient of the call may not trust on the interviewer .

navu20: you know the answer of 5 question?
phanemi: yes
phanemi: i send already
phanemi: you check
navu20: OK thanku
phanemi: no mention
Answered by phanemi
2
Q4 telephonic interviews are done through the medium of phone calls where the interviewer interviews the respondent and collects data

merits

1 it's very efficient and fast
2 it comparatively consumes less time
3 it is suitable for accessing people at distance places , thus the radius of our reach this is increased
4 it is economically feasible cheap

Demerits
1. it may not be suitable for those who do not own a mobile /telephonic device
2. false information may be provided by the respondant



Q5 statistics is the most important tool in economic planning as for planning for the future we need current status of the economy which should of quantifiable in nature statistics provides the collection and the organisms of data for this also in order to plane we need to analyse the current status of the economic which can be done through statistical tools which readily help in formulating the next economic plans it also tells about the current economic status which provides the basis for the economic planning analysing the statical data helps in driving result of the current economic status and in interpreting the future results are outcomes statical investigations are used in the formation of economic policies like price policies income policies accept it is a mode of economic forecasting as it ascertains the future acres of events or actions which are economic significance like studying about the price level for the last 7 years we can predict the price level or trend of the future
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