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JulsSmile [24]
3 years ago
15

Discuss the importance of index numbers in business

Business
1 answer:
lesantik [10]3 years ago
6 0

Answer: Index numbers are used to measure changes in the value of money. A study of the rise or fall in the value of money is essential for determining the direction of production and employment to facilitate future payments and to know changes in the real income of different groups of people at different places and times.

Explanation:

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