When we go from general assumptions to particular statements which method is being used for constructing an economic theory?

Deductive method

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Inductive method

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Partial method

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General method

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Solution

The correct option is A Deductive method
In deductive method we derive laws and principles out of theories or various assumptions with proven facts and figures to support the law.

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Similar questions

Under this method, a particular asset is expected to generate equal utility (economic benefits) during its useful life. Which method is this?

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