asked 21.3k views
2 votes
Why do economists develop theories, principles, and models?I

1 Answer

6 votes

Answer:

Economists develop theories, principles, and models in order to try to provide analysis regarding different economic issues in the society at large.

They also help in breaking down complex economic topics to ensure it being understood by people.

They are also involved in developing theories and principles as an avenue for provision of solution to economic issues.

answered
User Fried
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.