Economy, asked by prejinasangma49715, 3 months ago

why statistics is important in economics​

Answers

Answered by kmrraja07
1

Answer:

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.

Answered by shishupalmahto
2

Answer:

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.

Explanation:

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