examples of economic criteria
1. Cost-benefit analysis: Evaluating the costs and benefits of a project, policy, or investment to determine its economic viability.
2. Return on investment (ROI): Calculating the ratio of net profit to the initial capital invested in a project or business.
3. Gross domestic product (GDP): Measuring the total economic output of a country as an indicator of its overall economic health.
4. Unemployment rate: Assessing the percentage of the labor force that is actively seeking employment but unable to find work, which can indicate the level of economic activity in a country.
5. Inflation rate: Monitoring the rate at which prices for goods and services are rising, which can impact consumer purchasing power and overall economic stability.
6. Income inequality: Examining the distribution of income within a population to gauge the level of economic disparity and social mobility.
7. Debt-to-GDP ratio: Comparing a country's total government debt to its gross domestic product to assess its level of debt sustainability.
8. Cost of living index: Determining the average cost of basic necessities such as housing, food, transportation, and healthcare in a particular region to measure the standard of living and purchasing power of its residents.
9. Consumer confidence index: Surveying consumers' perceptions of the economy and their own financial situations to gauge their willingness to spend, which can impact overall economic growth.
10. Trade balance: Comparing a country's exports to its imports to assess the health of its international trade relationships and overall economic competitiveness.