Why do economists develop theories, principles, and models?I

Economists develop theories, principles, and models in order to try to provide analysis regarding different economic issues in the society at large.

They also help in breaking down complex economic topics to ensure it being understood by people.

They are also involved in developing theories and principles as an avenue for provision of solution to economic issues.

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the chart shows a production possibilities schedule for sabrina’s soccer.

the schedule shows the - combination-   of goods the business can produce.

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