Deductive and Inductive
- Economics
Is Economics A Positive Or Normative Science
Meaning of Positive science : Positive science mainly explains ‘what is’. It deals with things as they are and explains…
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Scope Limitations And Importance Of Macroeconomics
Importance Of Macroeconomics Macroeconomics : The term ‘Macro’ is derived from the Greek word ‘Makros’ which means ‘Large’. Professor Ackley…
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Scope Limitations And Importance Of Microeconomics
Importance Of Microeconomics Microeconomics and Macroeconomics are two approaches forwarded by economists. These approaches help us to study the nature…
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Is Economics A Science Or An Art – The Complete Anatomy
Science means a systematized and organized study of knowledge. It consists of certain generalizations, principles- and laws which establish relationship…
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Merits And Demerits Of Inductive Method In Economics
Merits And Demerits Of Inductive Method Inductive method (Inductive Reasoning) is an important method used by the economist for making…
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Merits And Demerits Of Deductive Method In Economics
Every science consists of certain laws and principles. These laws and principles are formed on the basis of certain methods.…
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What Is Inductive Reasoning In Economics | Inductive Method
Inductive method (Inductive Reasoning) is an important method used by the economist for making conclusions on economic phenomena. It involves…
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What Is Deductive Reasoning In Economics | Deductive Method
Every science consists of certain laws and principles. These laws and principles are formed on the basis of certain methods.…
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