How are deduction,induction,and abduction related? Which approach was used by early economists? Which is used by modern economists?

Name: How are deduction,induction,and abduction related? Which approach was used by early economists? Which is used by modern economists?
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The Answer is Abduction is reasoning that involves both deduction and induction.Earlier economists used only deduction.Modern economists use abduction,because they have added induction to what has historically been a deductive science.

How Are Deduction,induction,and Abduction Related? Which Approach Was Used by Early