Merits and Demerits : Deductive Methods of Economic Analysis

Merits and Demerits of deductive method of economic analysis

Introduction The deductive method is also named as an analytical, abstract or prior method. The deductive method consists in deriving conclusions from general truths, takes a few general principles and applies them to draw conclusions. Deductive methods of economic analysis follows a top-down approach where theories and principles guide the analysis and assist in making … Read more