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Theoretical fields like economics employ abstract models. Why is better to employ abstract models instead of...

Theoretical fields like economics employ abstract models. Why is better to employ abstract models instead of trying the understand the subject as a whole?

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Answer #1

See in economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them, which Simplify the theoretical Economics.

The Economics models is a simplified ,often mathematical, framework Designed to understand and illustrate complicated processes.

Hence, Economic models help to understand the huge economic subject by reducing complexity and making it understandable. Just as it is not possible to study the whole population, abstract models help economists to understand the Subject by abstract models, though economics models are reliable and can help understanding the subject as a whole.

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