Graphs, charts and equations can be useful to:

Question

Quizplus · Accepted Answer

Graphs, charts, and equations are commonly used in economics to represent complex concepts in a simple and clear way. They can help visually illustrate trends, relationships, and patterns in data, which can aid in understanding economic concepts. While they can also be used to represent mathematical concepts in some cases, this is not their primary purpose in the field of economics. Additionally, normative statements (statements about how things ought to be) are not typically represented using graphs, charts, or equations, as they are subjective and cannot be measured or quantified. Finally, while these tools could potentially be used to represent economic concepts to children, they are not specifically designed for this purpose and may not be the most effective method of communication for younger audiences.

Graphs, Charts and Equations Can Be Useful To