Random sampling, economics, Microeconomics

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Random sampling is a technique for sampling which we can select a group of subjects or a sample for study from a larger group or a population. Each entity individually is chosen entirely by chance & each member of the population has a known chance of being involved in the sample.

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Fiat money is what is regular in modern economic systems. Fiat money is money that is described as legal tender by either a government or some organization with the authority to e

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