Economics has this connection to mathematics: It is a jumbled heap of beliefs and statistics. Our beliefs tell us which numbers to add up, and which to ignore.
Footnote: For the past 50 years, economic theories--principles, practices, and predictions--have been described in highly refined mathematical terms. Economic concepts that were formerly stated in words are now codified in mathematical formulas. For example, Malthus and Ricardo described "game theory" discursively. Subsequently, economists devised mathematical explanations and formulas to explain and refine those concepts.
The relation between mathematics and economics involves economics being dependent on mathematics for factual analysis. Mathematical solutions always portray facts needed in some form of economics.
In economics, mathematics helps analyze data and show patterns that can manifest in economic trends, predictions and relationships between elements of an economy.
in economics mathematic helps analyze data and show patterns that can manifest in economics trends predictions and relationships between elements of an economy.
cooking envolves using maths because some time you have to measure how much ingredients a recipe
what is the relationship between marketing & economic
NO Relationship
Economics is strongly linked to finance, and makes use of mathematics and statistics, so I do not see how it can be isolated.
There is a strong relation between economics and statistics.Bcoz in both we make graphs:-)
economics is the study of human behaviors as a relation between ends and scarce resources that have alternative uses.
what is the relationship between marketing & economic
NO Relationship
Economics is strongly linked to finance, and makes use of mathematics and statistics, so I do not see how it can be isolated.
the relation is that both helps in our daily life
There is a strong relation between economics and statistics.Bcoz in both we make graphs:-)
what is the relation of economics to sociology
The maths. Otherwise nothing much!
what is the relation of economics to sociology
Some of the sub-branches of economics that rely on fields of statistics and mathematics are econometrics, transport economics, managerial economics and international economics.
economics is the study of human behaviors as a relation between ends and scarce resources that have alternative uses.
Jean Soper has written: 'Mathematics for Economics and Business' -- subject(s): Business mathematics, Economics, Mathematical, Mathematical Economics
At the simplest level, mathematics, sometimes called "pure mathematics" is the science of solving problems to obtain an answer. Applied mathematics is the science of solving problems in order to discover answers to problems outside of mathematics, such as within physics or economics.