Sponge: Thursday, Oct. 6 1. What are the three primary actors in an economy? 2. What are the factors necessary for pure or perfect competition?
Mehak Kampani, Sarah Shaikh, Natasha Benkhadra. There are a no. of way you can measure living standards: GDP / GNP GDP per capita Household income Household.
A piece of economic data (statistic) indicates the direction of an economy.
