Importance of Diagrams and Graphs in Economics

1.	Importance of Diagrams and Graphs in Economics
Answer» Diagram gives an alternative and elegant presentation:Diagrammatic presentations of the data directly attract people, give delight to the eye and add to the statistics. Diagrams leave good visual impact:The visual impact of the diagram stresses the mind of the people to think about the situation of the statistics. They facilitate comparison:It makes easy to compare the data by visualizing the fact in front of the observer. Saves time:Diagrams present the set of data in such a way that their significance known without loss of much time. Diagrams simplify complexity and depict the characteristics of the data in simple manner. Graphs reveal trend of the data series which is helpful for simple forecasting

Answer»

Diagram gives an alternative and elegant presentation:Diagrammatic presentations of the data directly attract people, give delight to the eye and add to the statistics.

Diagrams leave good visual impact:The visual impact of the diagram stresses the mind of the people to think about the situation of the statistics.

They facilitate comparison:It makes easy to compare the data by visualizing the fact in front of the observer.

Saves time:Diagrams present the set of data in such a way that their significance known without loss of much time.

Diagrams simplify complexity and depict the characteristics of the data in simple manner.

Graphs reveal trend of the data series which is helpful for simple forecasting

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