Why do we use assumption in economics?
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Studied at the University of Sydney, Lives in Sydney, Australia.
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.
2023-06-12 16:42:33
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Ava Patel
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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.