Laws of Economics in Changing World

by Mian Sain
(Pakistan)

Do laws of economics fully satisfy the changing statistics of today?

By Admin: Thanks for your interest in economics. In one sentence, the laws of economics are not meant to satisfy "changing statistics". In fact the statistics are used either to justify laws of economics. Once we find stats that justify a law, we try to use the same in given situation in private as well public sectors.

You are welcome with counter arguments, if any!

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