For instance, a speech by a central bank president or treasury official is taken into account an economic event. If a speech of this kind gives any indication of an unexpected financial policy shift, the occasion can move financial markets drastically. Economics is the science concerned with the manufacture, promoting and use of products and services within an economy. An economic occasion is an occurrence that gives additional information about or influences an economy. Economists research capital flows and the best way companies, nations and areas allocate sources. They also look at how the price of labor and worldwide trade flows affect the costs of goods and services.
The Center for American Progress is an impartial nonpartisan policy institute that is dedicated to bettering the lives of all Americans, through daring, progressive ideas, in addition to sturdy management and concerted motion. Andres Vinelli is the vice president for Economic Policy at American Progress. Christian E. Weller is a senior fellow at American Progress and a professor of public policy on the McCormack Graduate School of Policy and Global Studies at the University of Massachusetts, Boston. Divya Vijay is a special assistant for the Economic Policy team at American Progress.