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Q. d - For Critical Thinking

Expert-verified
Found in: Page 8

### Economics Today

Book edition 19th
Author(s) Roger Miller
Pages 753 pages
ISBN 9780134478777

# In what way do small talk and gossip represent the use of simplifying assumptions?

Small talk and gossips make the work smaller and are used to simplify assumptions.

See the step by step solution

## Step 1. Definition of Economics.

Economics refers to the satisfaction of wants by use of various alternative uses.

## Step 2. Reason.

Small talk and gossip represent the use of simplifying assumptions because they are used as simple ways to reach a conclusion similar to assumptions.