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.
They're unrelated. A concept is a general idea. Scientifically, a theory is an explanation of phenomena with significant evidence behind it. In casual speech, though, it is common for people to say theory when they mean hypothesis, which is an explanation of phenomena which has little or no substantial evidence to back it up.