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 hypothesis is a question or an idea that a scientist tries to answer by performing an experiment. If the data derived from the experiment is compelling enough, the hypothesis becomes a theory. Scientists accept theories as adequate explanations for phenomena. This is in stark contrast to the use of the word theory in a non-scientific sense.