SS1 LESSON 3 TOOLS FOR ECONOMIC ANALYSIS Economics uses tools like table, charts, graphs, statistical tools etc. to assume and analyze the patterns of human behavior. 1. TABLE This is a list of facts or numbers arranged in special order usually in rows and columns. Features of Table 1. It is very neat, simple to prepare and easy to understand 2. Has rows and columns 3. Shows relationship between variables 4. Rows and Columns has titles Importance of Table 1. It is very useful for comparison of data 2. Data are properly arranged 3. Easy to understand which makes for quick decision making 4. Shows complete summary of data 2. CHARTS This tool presents data in diagrams and pictures. Types of Charts...