Business, 07.03.2020 03:46 book0001

An economic model is purposeful simplification of reality, whose function includes:
A. Understanding the full complexity of the real world
B. Predicting the behavior of each and every individual or organization
C. Analyzing the behavior of a typical or average consumer or firm
D. Forecasting economic random events with a high level of accuracy

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An economic model is purposeful simplification of reality, whose function includes:
A. Underst...