What is the name of the government organization that collects the statistics and data used to measure the economy?
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Statistics can help a government make informed policy decisions regarding many different areas. An example would be, if a government receives statistics based on their economy and it tells them that there is a 12 % unemployment rate. This would signal to a government to make a policy decision regarding this statistic.
External forces are typically things, situation, and events that occur outside of the organization and basically not under the control of the organization. Some external forces can include the following. the economy government interference demographics political events government stability or lack there of weather competition
In a Three-sector economy ,along with the household sector & business sector there is government sector too.Because the government can influence on the circular flow of income in 2 ways.1.It collects taxes[=T] from households & firms,and2.it makes various payments [=G] to household & business sectors.Here taxes can be taken as a lekage & government expenditure as an injection.
When the government collects taxes and pays out transfer payments as a way to balance the economy what are these fiscal tools called?
No Thailand does not have a command economy. In a command economy, the government controls what goods are produced, how much they are produced, and what they cost. This type of economy often is found in a country that is run by a dictatorship. Thailand is a mixed economy. The government makes some decisions about and the government makes others.
SOCIALISM Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy. DEMOCRACY Government by the people, exercised either directly or through elected representatives.
Why do you think macroeconomics focus on just a few key statistics when trying to understand the health and trajectory of an economy?
It is possible according to some interpretations for a market economy to have government intervention in the economy. The key difference between market economies and planned economies lies not with the degree of government influence but whether that influence is used to coercively preclude private decision.[original research?] In a market economy, if the government wants more steel, it collects taxes and then buys the steel at market prices. In a planned economy, a government which…
The external environment is typically made up of things , situations, and events that occur outside of an organization, (usually beyond the organizations control), and affects the organization in either a positive or negative way. Some of these external things, situations, and events that affect the organization in a positive or negative way may include the following. * demographics * economy * government interference * political issues * social issues * competition * environment issues
National income statistics are used to: > measure the level of economic growth from year to year. > These can be used to compare the standard of living in one country with another. (because they are international stats) > These statistics can be used to evaluate the economic climate nationally and internationally. > Statistics allow the Government to plan and forecast as they can see how much income each sector in a country is generating…
The resources afffect the economy in following ways: 1. If your resource are not effecient enough, they can't deliver the work as required by you, so therefore it bears to the loss of that organization handling such resources.Finally leads to the downfall of entire economy. 2. The management of the organization must be capable enough to use the resources based on their skills and understanding so that it can create good results for the organization…
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.