answersLogoWhite

0

Why do economist make assumptions?

Updated: 4/28/2022
User Avatar

Wiki User

9y ago

Best Answer

To mimic the methods employed by other scientests.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

9y ago

Economists make assumptions so as to predict all the possible future outcomes and trends. This is used as a measure to prepare for any type of economic status.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why do economist make assumptions?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why some economist say economics is useless?

economics is useless because it is based on assumptions made by economists............


How is an economist valuable to your business?

A good economist will be able to tell you trends of households, how business trends will affect you, and ultimately make it easier for you to make decisions regarding your business.


Why does people in society of the US look and make assumptions but people their looking at make assumptions about them as well why is this and where does this began?

To clarify: 1. People in the US make assumptions about people. 2. People outside of the US make assumptions about people in the US. Why is this and where does it begin? Well...perhaps because we are all people, and perhaps since we became people?


If someone were to witness a week of your life what assumptions would that person make?

= If someone were to witness a week of your life what assumptions would that person make? =


What are initial assumptions?

The underlying assumptions are those not asserted, presuming the context make them evident.


How much money does a economist make?

Usually, too much


Why do you believe you need to make assumptions?

Assumptions help fill in missing information and make predictions when not all facts are known. Making assumptions is a common cognitive process that helps us make sense of the world around us and make decisions based on the information available. However, it is important to be aware of our assumptions and validate them to ensure they are accurate.


When was the Southtown Economist first published?

The Southtown Economist was first published in 1906. The Southtown Economist was originally named the Englewood Economist and in 1924 was renamed the Southtown Economist.


What is the passive sentence of no one should ever make false assumptions?

False assumptions should never be made by no one


Who owns the economist?

The Publication Economist is owned by the Economist Group. Half of the Economist Group is owed by Pearson PLC via Financial Times. The rest of the Economist Group is owned by independent shareholders.


Who owns the publication Economist?

The Publication Economist is owned by the Economist Group. Half of the Economist Group is owed by Pearson PLC via Financial Times. The rest of the Economist Group is owned by independent shareholders.


What is the difference between a scientific economist and a policy advisor economist?

A scientific economist is an economist that deals with the nation in aspect of science While policy advisor is an economist that advice on political aspect or affairs of a nation