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From Karnataka Open Educational Resources
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, 01:32, 24 November 2013
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| Static analysis is timeless, whereas in dynamic analysis, time is one of the variables considered. | | Static analysis is timeless, whereas in dynamic analysis, time is one of the variables considered. |
| In static analysis, basic economic conditions are known and taken as given, but in dynamic analysis they change over time. | | In static analysis, basic economic conditions are known and taken as given, but in dynamic analysis they change over time. |
− | Dynamic analysis is useful in making predictions (for e.g., about economic output), which static analysis does not allow. | + | Dynamic analysis is useful in making predictions (for e.g., about economic output), which static analysis does not allow. |
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− | For more information on this topic, visit [http://books.google.co.in/books?id=ChuoPjW9NXcC&pg=PA34&lpg=PA34&dq=static+economy+dynamic+economy&source=bl&ots=mR9baKunpc&sig=PB5VqxD11tlmzM6DMPAInRzERKk&hl=en&sa=X&ei=3N_fUd2IDcuPrgfnpYDADQ&ved=0CDoQ6AEwAjgK#v=onepage&q=static economy dynamic economy&f=false this link]
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| ===Activity No # === | | ===Activity No # === |