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.
In science, a theory is a tested, well-substantiated, unifying explanation for a set of verified, proven factors. A theory is always backed by evidence; a hypothesis is only a suggested possible outcome, and is testable and falsifiable.