Question

what is the relation between statistics and economic planning

Answer 1

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$\mathfrak{\blue{Answer→}}$Explain the relationship between statistics and economics. Statistics plays an important role in the field of economics. It is an important tool which helps in solving different economic problems. Statistics help in analysing different economic problems which needs immediate attention.
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Answer 2

Economic planning are done to manage the economy for nation. And the best way to know the status of proverty is statistics. Because it gives us almost accurate data.

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