why do we have economics models?

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why do we have economics models?
why do we have economics models?

why do we have economics models?
A more correct term is “economic models”.
Economic modeling is at the core of economic theory.
Models are necessary and highly valuable tools in economic analysis.Modelling provides the economist with a
logical,theoretical framework to help organize his analyses and to test complicated
cause and effect relationships in an economy.By using different scenarios and parameters,the
economist can experiment and evaluate the effect of alternative economic policy
options.
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