### Measure of Central tendency

Economic theory is made up of definitions and assumptions about human behaviors. The definition and assumptions are usually represented in words, mathematically or graphically. This topic is devoted to some of the tools of economic analysis. These are tables, charts, graphs, means, mean deviation, standard deviations, geometric mean and variance etc The basic tools of economic analysis are categorized as follows: Measures of central tendency Measures of dispersion Graphical presentation of data. MEASURES FOR CENTRAL TENDENCY Measures of central tendency is also known as measure of location .This describes the center or average of a set of data. In fact it provides the average value around which a set of data revolves search averages are arithmetic mean the media the mode geometric mean and of course and harmonic mean .Measure of Central tendency can also be described as the statistical measures that pick the middle or Central value ,single quantity or member in the majority. When