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Introduction
Question
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What is economic problem ?

Answer

Economic problem is a problem of choice which arises due to scarcity of resources having alternative uses.

Sponsor Area

Some More Questions From Introduction Chapter

Define economic problem.

Define Statistics as a plural noun.

Define statistics as a singular noun.

Would it be called statistics if it is said that there are 2000 students in our school ?

Name the stages of statistical study.

Define the concept of universe as used in statistics.

Define statistics.

What was statistics called during the ancient times ?

What is quantitative variables ?

What are the statistical tools ?