Models are often used to describe scientific reasons for economic behavior. There are several different models which help people to understand economics. The first of which is a chart. Charts can be used to represent statistics. This data is presented in a visual format so as to create an easy visual to coincide with empirical data. A good example of a chart is a pie chart. This is a circular model which is divided into sections or slices which show the amount of information supporting one or more areas relating to a single topic. …
