answersLogoWhite

0

statistical data renders valuable assistance in the proper understanding of economic problems and formulation of economic policies. Most economic problems involve facts which can be expressed numerically for example, volume of trade, wages, prices, tax, etc. In economics, the increasing importance of statistics in the study of economic problems has resulted in a new branch of study called econometric.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Relationship between psychology and other social science?

hindi ko alam hahaha..


What is the relationship btw social studies and social science?

Social studies is a broader term that encompasses the study of various social sciences such as sociology, psychology, economics, and political science. Social science is a more specific term referring to the scientific study of human society and social relationships. In essence, social studies can be seen as an interdisciplinary approach that incorporates various social sciences to understand human behavior and society.


Relationship between sociology physics?

Sociology and physics are distinct disciplines with different approaches to understanding the world. Physics focuses on the study of matter and energy in the physical universe, while sociology examines human behavior and societies. However, they can intersect in areas like social physics, which applies physical concepts to study social phenomena, or in the study of science as a social institution within sociology.


What is similarities between social studies and social science?

Yes


What is the difference between science and social science?

social means talking with people so i would think social science means to do it with a group science prob means on your own


What is are the difference between science and social science?

social means talking with people so i would think social science means to do it with a group science prob means on your own


Lionel robbins definition of economics?

Economics is a social science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.


In economic what are the differences between social science and physical science?

Social science study human society and behavior Physical science study physical and non human things


What is the difference between social science and sociology?

Social science is a broader field that includes disciplines such as sociology, psychology, anthropology, economics, and political science. Sociology is a specific branch of social science that focuses on the study of society, social relationships, and human behavior within social contexts.


What social science focuses on the study of our society?

Sociology is the social science that focuses on the study of society, including the relationships between individuals and social institutions, group behavior, and social change.


What are the differences between natural and social sciences?

Social Sciences include the study of economics, geography, history, political science, psychology, social studies, and sociology. Natural sciences are the disciplines that study Dichotomy between formalism and world veiw.


What is the relationship between women movements and social movements?

The women's movement is a social movement.