rayon on Instagram: "“Lies, damned lies, and statistics” is a phrase that captures both the power and danger of numbers. Statistics are supposed to be objective, precise reflections of reality, but in practice they can be bent to tell almost any story. A single set of numbers can be presented in wildly different ways depending on framing, choice of scale, or what is deliberately left out. For instance, a politician might boast that unemployment dropped by 2%, without mentioning that overall part

Monopoly Power in Markets

Consumer Preference Concept & Assumptions | What is Consumer Preference?