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.
This article looks at theory in general. See Psychological theories for specific theories within the discipline. The word theory has many distinct meanings in different fields of knowledge, depending on their methodologies and the context of discussion. Definitively speaking, a theory is a unifying principle that explains a body of facts and the laws based on them. In other words, it is an explanation to a set of observations.