Outline the advantages of mathematical approach.

      

Outline the advantages of mathematical approach.

  

Answers


John
1. The language of mathematics is more concise and precise thus mathematical approach saves time without losing any significant elements in the context of expense being undertaken.
2. The mathematical approach has a geometric presentation which has the advantage of providing the reader with the visual dimension of the problem under investigation.
3. The mathematical approach has a wealth of mathematical theorems at the disposal of an economist who have chosen to follow this approach.
4. Mathematical approach has tools that allow us to handle functions with 2,3,4 or n variables without much difficulty.
5. Mathematics has a wide range of functions that can suitably be applied in the study of single phenomenon of different forms and structures and of varying complexity.
Jonmhumble answered the question on October 29, 2017 at 17:09


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