3. INFERRING What are some benefits of developing economic models?

1 answer:

6 0

The purpose of a model is to take a complex, real-world situation and pare it down to the essentials. If designed well, a model can give the analyst a better understanding of the situation and any related problems. A good model is simple enough to be understood while complex enough to capture key information.
I hope this helps (if it did pls mark as brainest)

Pls have a beautiful and wonderful day

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