Economy, asked by porleenmitchelncube, 2 months ago

Why do economists use models in the study of Economics?

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Answered by DarkenedSky

An economic model is a simplified version of reality that allows us to observe, understand, and make predictions about economic behavior. The purpose of a model is to take a complex, real-world situation and pare it down to the essentials.

Answered by chahaleakam

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Why do economists use models in the study of Economics?​

Answers

Why do economists use models in the study of Economics?