Explain Types of Diagrams.

1.	Explain Types of Diagrams.
Answer» 1. Time-based Line Diagrams (Curves): Time-based line diagram or curve show the shape or slope of relationship between two economic variables. For example, a demand curve, supply curve, etc. In this type of diagram independent variable is measured on X-axis and dependent variable is measured on Y-axis. Uses: To show the trends of population, rate of inflation, literacy rate, etc. 2. Bar Diagram: A diagram prepared by drawing a vertical or horizontal bar for the data on one or more variables for different places, time or things is bar diagram. In bar diagram width of each bar is taken equal and its height (length) is taken proportional to the value of the data.

Answer»

1. Time-based Line Diagrams (Curves):

Time-based line diagram or curve show the shape or slope of relationship between two economic variables. For example, a demand curve, supply curve, etc. In this type of diagram independent variable is measured on X-axis and dependent variable is measured on Y-axis.

Uses: To show the trends of population, rate of inflation, literacy rate, etc.

2. Bar Diagram:

A diagram prepared by drawing a vertical or horizontal bar for the data on one or more variables for different places, time or things is bar diagram. In bar diagram width of each bar is taken equal and its height (length) is taken proportional to the value of the data.

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