Explain briefly the need of diagrams and graphs in the study of econom

1.	Explain briefly the need of diagrams and graphs in the study of economics.
Answer» Economics provides an explanation and analysis of various economic events occurring in the real world. For studying these events a lot of data is collected, ft is then analysed and represented in simpler forms. Pictorial representation is a very effective and easy way to represent data analysis. Diagrams and graphs are two ways of representing the information pictorially so that general public can understand it easily. Data understanding and analysis is out of reach and interest of general public. When such information is provided in an easy manner through diagrams and graphs people tend to take interest in them. A layman may call diagram and graph as one but Statistics classifies diagrams and graphs as different types of pictures. Both of these are used for distinct purpose. Similarly, even in economics these two are used to fulfill different purposes.

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