Economic Databases Are Collections Of Economic Information That Inform The Public About Economic Growth Or Decline?

economists have included economic background of the people in the society as another form of

The economy is the system of how money is made and used within a particular country or region.

The Bureau of Labor Statistics (BLS) is the most primary form of data in terms of earnings in the U.S. They have an intense, unbiased process in order to obtain information from the economy in the U.S. It starts with a field economist from the BLS obtains information from an establishment and based on many factors

Economics is often called the "science of decision making." The decisions that economists analyze range from personal decisions such as how big a pizza to order or whether to buy or lease a new car to the decisions the federal government makes about things like the size of our military. Economists use information about these, and other decisions, to develop indicators that can be used to determine the health of our economy. Just as a physician relies on indicators such as temperature, blood pressure and heart rate to determine the health of a patient, economists use indicators like gross domestic product growth, the unemployment rate and the rate of inflation to predict our

Economic indicators refer to economic series statistical figures used to make future prediction economic activity in the organization or country. The economic indicators are useful in each organization since they measure specific economic parameters in the market and can be used to forecast the future market trends (Baumohl, 2016). For instance, the company like Disney uses these economic indicators to curb and minimizes the difficult economic situation that may arise. There are so many different types of the economic indicators used. In this case, the Disney Company will use the following economic indicators: consumer price index; productivity and cost; employment cost index; producer price index; consumer confidence

Economic growth is defined as the rate of growth of the whole income of a nation and is the most efficient indicator of an economy 's health... And wealth.

Leading Economic indicators offer statistics and data about the economy. There are a total of ten economic indicators that the conference board uses to gather statistics and data to determine the status of the economy and what is expected. This helps them determine what businesses and people should and should not do for the future of the economy Three leading economic indicators that have been on the media lately are the average weekly hours and manufacturing, manufacturers' new orders, consumer goods and materials, and Building permits, new private housing units.

The economy can produce an overwhelming and a multitude of goods and services every year. For example, Ford Motor Company produces hundreds of millions of cars. Wal-Mart Stores, Inc., the nation’s largest U.S.A multinational retail corporation, operates a chain discount department store and grocery market stores. Both companies have a large inventory list of all the goods and services that the system of production, distribution and consumption produces in any year that can be for all intents with endless purposes. However, the kind of year is the year that the economist looks for. The economic expert, which is an expert in receiving the total of goods and services, would not get very far from a large inventory data of all the goods and services

Three major ways that business use Economic Census data is to help them accurately make economic decisions, to know where to locate their businesses, to know what to sell and to know who the consumers are they are selling to. For example, a restaurant in Los Angeles

A very important economic indicator to know the health of an economy is the GDP, which is an economic term that indicates measurement of the total value of goods and services produced in a particular territorial area (usually a country) during a given period (GDP,wikipedia,n.d). the GDP (gross domestic product), which is

Answer 1: Economic models are the imaginary concept which expresses economic procedure by using variables or quantitative correlations. It is a simply method which uses mathematical and other technical aspects to show complex processes. The statement stated above is false because with the help of the economic models, government can predict about the future economy and make some changes in economic behaviours to achieve highest possible outcome. Economy is an unstable factor and it has to be monitored to understand and predict for the future benefit that is where the economic models are

The purpose of economic indicators is to provide for researchers and analysts the ability to interpreter economic data. Economic indicators are the main source of prediction of market behavior. They are also detailed explanations of how to analyze various changes over a business cycle.

Economy is very important for every country. Why is it? It is basically because the World we live in is made up of individual countries which are occupied by the human beings. As the basic needs of the human being are food, clothing and shelter, people are in need of income to finance the purchases of these needs. In order to receive an income, there must be a job which you are getting paid to get it done. Therefore, if the economy of a country is not good, there will not be jobs to offer to the public. Then the people of the country will not be able to fulfil their needs. But how can we know if a country’s economy is good? The answer is to invent something to measure the economy. Economists tried out many different methods time over time.

Economic system allows countries to follow procedure to produce goods using resources available in the countries. It allows the countries to know how much and for whom to produce. There are different types of economic systems in different countries and they all have their different regulations according to their planned economic system. There are two different types of market: Free Market and Planned market.

To access the Economy & Growth database look up world data bank economic and the data.worldbank.org website is the first hyperlink. The fourth database I provided is called The World 's Foremost Full-Text Source of References to Economic Literature. “This resource  provides links to full-text articles in all fields of economics, including capital markets, country studies,