Question

what is the relationship between economics and statistics ( 10 marks)
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Answer 1

Answer:

english - Statistics for economics concerns itself with the collection, processing, and analysis of specific economic data. It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.

hindi - अर्थशास्त्र के आंकड़े विशिष्ट आर्थिक आंकड़ों के संग्रह, प्रसंस्करण और विश्लेषण से संबंधित हैं। यह हमें आर्थिक सिद्धांतों को समझने और उनका विश्लेषण करने में मदद करता है और मांग, आपूर्ति, मूल्य, उत्पादन आदि जैसे चर के बीच सहसंबंधों को दर्शाता है।

Explanation:

Answer 2

Answer:

Economics is concerned with the production, consumption, and transfer of wealth. Statistics is the practice or science of collecting and analyzing numerical data in large quantities, especially for the purpose of inferring proportions in a whole from those in a representative sample. Economists make use of statistics.