______is primarily done by observing or testing on real-life data or analysing the pattern of some specific events in order to identify the nature or the class of trend that specific phenomenon maintains.

Related MCQs

• Microeconomics deals primarily with:
• Who considered Political Economy as “an enquiry into the nature and causes of the wealth of nations”?
• A firm encountering economies of scale over some range of output will have a:
• Mannheim defines ________as the sum of those methods by which a society tries to influence human behavior to maintain a given order.