This paper discusses that mathematics is at the core of understanding business and social sciences: Financial statements, supply and demand, forecasts, linear regression, equilibrium and elasticity.
Written in 1994; 1,350 words; 5 sources; $ 47.95
From the Paper:
"Mathematics is at the core of understanding business and social sciences. Both disciplines make use of arithmetic, quantitative methods, statistics, linear regression and calculus as they seek to describe, predict and analyze the vast array of numerical data available in the fields. This research examines the application of math in these areas with a particular emphasis on math with regard to the supply and demand function.
Anyone selling a product or providing a service uses basic arithmetic to determine how much money they take in and how much money they pay out. When the expenses are less than the revenues, they make a profit. This simple accounting principle becomes more complex as the items associated with the various components increases in complexity. Revenues can be based on cash received, or they may be placed on accounts receivable."
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