Answer to Question #85805 in Economics for Owoyemi Isaac

Question #85805
What is the difference between descriptive economics and analytical economics?
1
Expert's answer
2019-03-05T14:34:34-0500

Descriptive economics aims at collecting and compiling data about economic activity, creating models to derive theories, laws and principles.

Analytical economics is focused on assessing economics activity from the point of view of an economist or statistician.



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