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Economics uses lots of models to convey economic theory. The use of graphs helps present this information and the relationships within it. Graphs can also be used to extrapolate and interpolate the information and make estimations of values.
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoGraphs are used to clearly present relationships among numbers. They are
useful in any field of endeavor that involves relationships among numbers.
Economics involves loads of numbers, as well as relationships among them.
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How do you use economics in a sentence?
The economic interdependence of the country is very low.
Why is the study of economics important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
What is the study of how people use resources to meet their needs?
ECONOMICS
What is the difference between anthropology and economics?
Anthropology is the study of past human species. While economics is the study of the economy. Actually, anthropology is the study of humans, including our ancestry and culture. Economics is the study of the economy, but more generally it is the study of how people make choices about how to use resources when those resources are limited. In that sense, economics can be thought of as a specialized sub-field of anthropology.
What are tools you use to study economics culture?
no cause he dumb and he stupid
Where do you use graphs in day to day life?
Architects and if you study Geometry you will have to use graphs.
Why are graph important?
GRAphs r important becuz u use things 2 estiamte so u use graphs
How do you use economics in a sentence?
The economic interdependence of the country is very low.
Why is the study of economics important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
Why is the study economics important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
What is the study of how people use resources to meet their needs?
ECONOMICS
The study of how people use resources to meet their needs is?
Economics
Why do economics use graphs?
Because cause and effect relationships in economics or in any other subject can be better explained with help of graphs. It also tells us what is the effect of one variable on other and how it responds to change in that variable. So instead of using words, graphs offer an easy and better way of showing relationships between two variables.
Why the study is important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
What is the difference between anthropology and economics?
Anthropology is the study of past human species. While economics is the study of the economy. Actually, anthropology is the study of humans, including our ancestry and culture. Economics is the study of the economy, but more generally it is the study of how people make choices about how to use resources when those resources are limited. In that sense, economics can be thought of as a specialized sub-field of anthropology.
What are tools you use to study economics culture?
no cause he dumb and he stupid
Do doctors use graphs?
Graphs and graphing are an important part of medicine. This is because graphs are used to test new medicine and monitor risks.
