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Telecommunication devices allow consumers to evaluate products, compare prices, and order products. The devices allow a company to reach more customers, track sales, and see if there are times when sales are higher than usual or lower than usual.

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βˆ™ 10y ago
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βˆ™ 8y ago

The production of telecommunication devices means that a nation has a high technology economy. This bodes well for international sales of such products. There are other modes of production that reinforce telecommunications. Food production, is for example another indicator.

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Q: Why are telecommunication devices useful as economic indicators?
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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.


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


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

gross domestic product


How economic indicators are used in predicting the economy?

They are useful because they can use a symbol which is a sign that stands for something else. To judge the overall condition of a particular country's economy


How is telecommunication useful?

Telecommunication is an important tool for businesses. It enables companies to communicate effectively with customers and deliver high standards of customer service.


Why living indicators can be useful to scientists?

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Why are indicators useful?

because they help people with stuff and stuff...


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.


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

They help people determine how healthy a country's economy is. To judge the overall condition of a particular country's economy-AmandaAmor They show the condition of a country's economy.


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How are different measuring devices useful?

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