What are the basic tools for Economic Analysis?
Every occupation has its tools used in carrying out the economic activities involved in the said occupation.
In the same manner, the use of different tools occurs in different subjects. Economics as a subject, uses different tools for economic analysis of figures, names, dates and quantitative information. Some of these basic tools used in Economics include tables, graphs, charts, mean, median, mode, statistical maps, standard deviation, etc.
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Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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