qualitative
(adjective)
Based on descriptions or distinctions rather than on some quantity.
Examples of qualitative in the following topics:
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Economic Models
- Some economic models also use qualitative analysis.
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Evaluating GDP as a Measure of the Economy
- However, a qualitative assessment would likely value the latter country compared to the former on a welfare or quality of life basis .
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Changing Worker Productivity
- The qualitative and quantitative progress of a country is inevitable when human development is a priority.
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Economic Growth as a Measuring Stick
- While measuring real GDP is useful in some ways, and considered a standard measure of economic growth, there is a great deal more complexity than is being captured (both quantitatively and qualitatively).
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Is Economics a Science?
- This is a classic scenario of economics, involving social interaction (qualitative) with optimization (quantitative).
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Austrian
- As you can see from the above points, this school of economics is largely about making qualitative observations of the markets.