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Deductive Reasoning

Which of the ...

Question

Which of the following is/are the method adopted for investigating economic facts?

A

Conclusive method

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B

Inductive method

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C

Deductive method

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D

Both b & c

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Solution

The correct option is A Inductive method
Inductive method is adopted for investigating economic facts, where in empirical studies are conducted to form general principles.

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