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Introduction

Question

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Define the concept of universe as used in statistics.

Solution

In statistics universe or population refers to an aggregate of items to be studied for an investigation.

Some More Questions From Introduction Chapter

Define economic activity.

Who is a consumer ?

What is consumption ?

Who is a producer ?

What is production ?

What is saving ?

Define investment.

Who are the agents of production ?

Define economic problem.

Define Statistics as a plural noun.

Mock Test Series

Mock Test Series

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