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Answer to Question #41612 in Economics of Enterprise for lasisi

Question #41612
6. Model - is:
a) the most important part of the reality to be studied ;
b) simplified image of the object reality reflecting his most important , in terms of research performance;
c) a small copy of the object reality.
Expert's answer
Model - is simplified image of the object reality reflecting his most important , in terms of research performance.
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified framework designed to illustrate complex processes, often but not always using mathematical techniques.
So, the right answer is b)

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