Qualitative and Quantitative data
What is the difference between qualitative data and quantitative data, provide an example of each.
Expert
Firstly, the Quantitative data takes into consideration figures and frequencies instead of laying emphasis on connotation and understanding. Quantitative data can be gathered from various sources like experiments, conducting questionnaires and psychometric evaluations etc. On the other, Qualitative data includes facts that are connected with highlighting connotation instead of numerical data. Further, qualitative data can be easily collected by means of interviews etc.
Distinguish between allocative efficiency and productive efficiency. Give an illustration of achieving productive, but not allocative, efficiency?
Explain: “Affluence tomorrow requires sacrifice today.”
Describe how the demand for a good is influenced by the price of its associated goods. Give illustrations.
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
Question: Some developing countries have suffered banking crises in which depositors lost part or all of their deposits (in some countries there is no deposit insurance). This type of crisis decreases depositors' confidence in the banking syst
Illustrate the characteristics of the Market System?
Elucidate The General Agreement of Tariffs and Trade (GATT)?
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
What do you mean by Graphs?
Elucidate various national currencies of foreign exchange market?
18,76,764
1956999 Asked
3,689
Active Tutors
1457300
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!