Concept information
Preferred term
economic indicators
Definition
- The earliest economic indicators were developed during the 1930s in response to U.S. policymakers' demand for economic data that could be used to inform and direct policy to cure the nation of the massive depression prevailing at that time (generally known as the Great Depression). Chapter 1 of the U.S. Bureau of Economic Analysis National Income and Product Account (USBEA NIPA) Handbook gives a concise history of the process of development of these indicators during that period. [Source: Encyclopedia of Consumer Culture; Economic Indicators]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economic_indicators
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