Question

Which subject enables the economist to present economic facts in a precise and definite form?

Answer 1

The subject that helps the economist in the presentation of economic facts would be ''Statistics in economics''.

It aids the economist in the presentation of economic facts in a precise and definite form. Nowadays statistical method is extensively used in all phases of human life, it gives an outline of numerical statement of facts and helps us deal with principal information and methods used in collecting and analyzing data.

I hope this helps you.

Answer 2

Statistics enables the economist to present economic facts in a precise and definite form.

Explanation:

• Statistics is a form of mathematical analysis that use quantifying methods through the collection of data, evaluating and measuring of data and analysis of data for drawing certain conclusions.  

• The method of statistics helps economists in presenting certain economic facts with proper comprehension and accuracy in the specific subject matter.  

• It is a disciplined method of interpreting, presenting and summarizing the data.

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