What is Economic Analysis

Economic analysis is a structured method for dissecting Economic data and uncovering hidden insights within economic happenings. It employs numbers and qualitative approaches to delve into Economic aspects like supply, demand, pricing, production, and consumption. Economic analysts wield these techniques to make informed predictions, gauge the impacts of policies, and assess the well-being of economies on scales ranging from local to global.

This practice bears immense significance for businesses, governments, and policymakers alike, guiding decision-making, allotting resources, and grasping the economic ramifications of diverse choices and courses of action.