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because they help people with stuff and stuff...

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14y ago

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Why are economic indicators useful?

They help people determine how wealthy a country's economy is.Economy indicators are useful because they make it easier to monitor money, improvement, and change. This is important when the economy isn't doing so well.Economic indicator best describes economic activities. These can be one of three indicators namely leading indicators, lagging indicators, and coincident indicators.


Why living indicators can be useful to scientists?

i dont know help


Technical indicators are part of what business?

Technical indicators are a part of marketing business. Technical indicators inclur price trends and something like that. They are very useful in some business.


What economic indicators would be most useful for figuring out how healthy a country's businesses is?

Corporate profits


What economic indicators would be most useful for figuring out how many goods are being sold to consumers?

Retail sales


Best way to describe why economic indicators are useful?

Economic indicators are useful because they provide critical insights into the health and performance of an economy. They help policymakers, businesses, and investors make informed decisions by highlighting trends and potential risks. By analyzing indicators such as GDP, unemployment rates, and inflation, stakeholders can gauge economic conditions, assess growth potential, and formulate strategies to navigate changing environments. Ultimately, these indicators serve as vital tools for understanding economic dynamics and guiding future actions.


What of the following best describes why economic indicators are useful?

Economic indicators are useful because they provide essential data that helps assess the health of an economy, guiding businesses, policymakers, and investors in decision-making. They offer insights into trends and potential future performance, enabling stakeholders to anticipate changes in the economic environment. By analyzing indicators such as GDP, unemployment rates, and inflation, one can gauge economic stability and growth prospects. Ultimately, these indicators help in formulating strategies and policies to foster economic development.


What are the 5 natural indicators?

The five natural indicators are litmus, red cabbage juice, turmeric, grape juice, and beetroot juice. These indicators change color in the presence of acids or bases, making them useful for determining the pH of a solution.


Which of the following economic indicators would be most useful for figuring out whether the economy is growing quickly of slowly?

gross domestic product


What is compound that can change color depending on conditions such as pH?

They are comonly known as "indicators" as the color change is useful for indicating what the pH of a solution is.


Dyes with pH sensitive colors are used as?

pH indicators in chemistry to determine the acidity or basicity of a solution. These dyes change color depending on the pH of the solution, making them useful for identifying pH levels in experiments or quality control.


What is A compound that can reversible change color depending on conditions such as pH?

They are comonly known as "indicators" as the color change is useful for indicating what the pH of a solution is.