predictability
who makes australia's economic decisions
The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.
The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.
the government makes all the decisions, he is a dictator
it's called a command economy
predictability
One is based on scientific data the other is based on the unproven.
A scientific theory explains some observed phenomenon, it makes testable predictions, it is consistent with other scientific and mathematical knowledge.
a scientific theory is a well tested explanation for a wide range of observations of experiments in other words is an idea that makes sense.
science
Although it is proven and true, there is a .00001% that is could be false. So therefore it can't be a scientific law. That makes it a theory. There are very few scientific laws and only obvious facts are scientific laws. Like gravity.
Its ability to be tested repeatably against the evidence, knowledge and techniques currently available, and give consistent results. It is still open to change or rejection, or indeed acceptance as scientific law, if advancing knowledge deems so.
Scientist are always testing their models to get new information or results, but other times learning evidence makes scientist have to change their models so scientist can change their models in theory.
who makes australia's economic decisions
A theory is something that you have evidence to support what you think, a conclustion is something you make after an experimant concluding what you have found out.
The theory predicts that evolution will happen and in certain ways. The observed evolution makes this prediction correct. It also defines evolution as happening, and as such is perfect evidence in support of it.
it tells you what it does and tells you what it makes