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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

How might a theory of the economy differ from a description of it?

To determine

Explain how the theory of economy is different from its description.

Explanation

The theory is a simplified version of real world situation which is built with the aim of making things easy and better understandable. Generally, purpose of theory of the economy is to clarify why a particular thing or problem happed to the economy...

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