Economic laws are essentially _ and __.

hypothetical, conditional

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

hypothetical, unconditional

No worries! We‘ve got your back. Try BYJU‘S free classes today!

neutral, rigid

No worries! We‘ve got your back. Try BYJU‘S free classes today!

neutral, flexible

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B hypothetical, conditional
Economics laws are based on various assumptions which are necessary to follow while applying the law is as well as these laws can be applied only is some specific situation with given set of conditions. This makes the economic laws hypothetical and conditional from all ends.

Suggest Corrections

Similar questions

A + B \to P r o d u c t

r = k [B] [A]^{0}

\to

[B]^{0}

Join BYJU'S Learning Program