facility noun (PLACE). âº [C] something such as a âplace, âbuilding, or âequipment used for a âparticular âpurpose or âactivity: The new âsports facility has a âswimming âpool. (Definition of facility from the Cambridge Academic Content Dictionary Â© Cambridge University Press).acility noun (PLACE). âº [C] something such as a âplace, âbuilding, or âequipment used for a âparticular âpurpose or âactivity: The new âsports facility has a âswimming âpool. (Definition of facility from the Cambridge Academic Content Dictionary Â© Cambridge University Press).
While economists cloak their views in the aura of science, what they actually do is make assumptions about the world, use those assumptions to build imaginary economies (known as models), and from those models generate conclusions.
Save. Scientists use all sorts of models to help explain their ideas. They also make models to try out designs on a small scale before building something that will be very large and expensive. If the model works well, they can use it to raise the money they need to build the true thing.ne word that is often used to describe a model is analogue.. The model performs or predicts how its analogue, the actual thing, behaves. There are physical models, mathematical models, statistical models, computer models and drawings that can also function as models. Scientists use all of them in their work.