Ask Question
27 August, 22:18

In building a model to analyze economic situations, one of the important assumptions is

+1
Answers (1)
  1. 28 August, 00:00
    0
    In having to build a model in analyzing economic situations, the most important assumption is the ceteris paribus. The ceteris paribus means that it is having things in equal and where conditions should always remain the same. It is important as it is a way of having to show balance.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In building a model to analyze economic situations, one of the important assumptions is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers