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.
Entrepreneurs: (w) undertake risky forms of production to gain uncertain profits. (x) obtain interest payments for their services. (y) are usually overcompensated for their innovations. (z) receive virtually all their wealth by inheritance.
Can you explain how different government policies with respect to the recycling of aluminum and paper might account for these different market outcomes?
What do you mean by spillover. Write short note on it?
Why is the problem of unemployment a part of the subject matter of economics?
Question 7: You are given the following data about two firms: FIRM A Quantity 0 1 2 3 4 5 6 Total revenue ($) 0 10 20 30 40 50 60 Average revenue ($) ___ ___ ___ ___ ___ ___ ___ Marginal revenue ($) ___ ___ ___ ___ ___ ___ Total cost ($) 30 42 50 60 76 100 14
Illustrate Scarcity and choice of Economic Perspective?
For rapid growth of world trade what are the factors of account since the Second World War?
What do you mean by Graphs?
How can we compute operating leverage?
I am facing difficulty in this question. Help me in find out correct answer of this economy based question. From heterodox perspective, why do business enterprises choose administered prices as opposed to highly flexible prices?
18,76,764
1933577 Asked
3,689
Active Tutors
1427573
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!