Economy, asked by tonushka, 8 months ago

what is economic model ??

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Answered by Anonymous

5

Answer:

In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes...

Answered by saqlain11

6

Answer:

In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes.

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