What is the role of an assumption in economic theory?
1
Expert's answer
2012-11-19T09:49:17-0500
That other forces or social conditions will not affect the theory. Like the assumption in economics that people will react in a prudent and reasonable manner to maximize their incomes etc. Obviously people don't always act in a prudent manner or necessarily in their own best interest as they often times do not have perfect information.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment