Indian Export Import Data-a historical view. 1  1. 2  Indian Export Import Data-a historical view Summary: With time the growth of the economy was spurred more during liberalization of the economy than during any other period. 1. 2  Indian Export Import Data-a historical view Summary: With time the growth of the economy was spurred more during liberalization of the economy than during any other period.
1 Law: A descriptive generalization about how some aspect of the natural world behaves under stated circumstances.  Theory: In science, a well-substantiated explanation of some aspect of the natural world that can incorporate facts, laws, inferences, and tested hypotheses.
A scientific theory is a well-substantiated explanation of some aspect of the natural world, based on a body of facts that have been repeatedly confirmed through observation and experiment.Such fact-supported theories are not guesses but reliable accounts of the real world. theory can be normative (or prescriptive), meaning a postulation about what ought to be. It provides goals, norms, and standards. A theory can be a body of knowledge, which may or may not be associated with particular explanatory models.