ECS2603 South African Economic Indicators

ECS2603-notes summary. Last document update:   ago

ECS2603 CHAPTER 1 1.1 ECONOMIC INDICATORS. Economic indicators only indicate something if compared to something else. Reasons for monitoring indicators:  To expand business and explore new markets  Asses general performance of the economy  Effectiveness of economic policy  Compare economic policies between countries.  Make economic forecasts  Speculators monitor to decide whether to buy or sell socks. ‘Pure’ economic indicator terms:  Gross Domestic Products ...