Question

Use of conputer in economics

Answer 1

Economics and finance have undergone radical changes during the Information Age -- both in practice and in study. The ever-increasing computational and predictive capabilities of modern computers have made them invaluable tools for researching economic trends and developing strategies around them. Computational economics, a convergence of computer technology and economic theory, has changed the way companies and governments assess their economies.

Answer 2

A computer can be used for something as simple as computation: mathematical equations, spreadsheets and the like. This is useful for recording and storing economic information, especially when it pertains to a small group (such as a business) or an individual.