Economy, asked by axelmaynard99, 8 months ago

Why economist use models and assumptions to explain economic problems

Answers

Answered by Itsprachi

Assumptions provide a way for economists to simplify economic processes and make them easier to study and understand. ... This simplifying assumption allows economists to build a structure to understand how people make choices and use resources.

Answered by bhavikaz

Answer:

Assumptions provide a way for economists to simplify economic processes and make them easier to study and understand. An assumption allows an economist to break down a complex process in order to develop a theory and realm of understanding.

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