Volume : II, Issue : XI, November - 2013

The Role of Matrices in Micro Economics

Dr. Purushottam V. Deshmukh

Abstract :

Mathematical Economics is a combination of Mathematics and Economics. We can’t absolute findings since economics is a social science. Correctness is essential for the study of society but it is difficult in economics . The role of mathematics is important in the analysis of various concepts and theories in economics. We can get an idea of effectiveness of mathematics in economics by observing books written by well–known foreign author. The use of mathematical tools is a part and partial of standard literature in economics. Mathematics is very useful to explain the various concepts ,rules , theorems in micro economics. We can able to study and find out results with more accuracy. Economics is a subject which affects government’s social, political , economic and other policies. Researcher will helps to the government by understanding various situations in the economy. Mathematics is provide a better circumstances to develop an art of thinking regarding economics phenomena

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr. Purushottam V. Deshmukh / The Role of Matrices in Micro Economics / International Journal of Scientific Research, Vol.2, Issue.11 November 2013

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