An economic indicator is a type of statistic data about the economic activity of a country, it enables analysis about the current situation and performance of the economy. Moreover, it also allows predictions of future performance. One economic indicator used to tell how an economy is doing is the CPI, Consumer Price Index, it takes a sample of many goods and services over two hundred unit category. The information is gathered through phone calls and personal visits.
Answer:
1. Urban settlement has a high rate of urbanization and industrialization is while in a rural settlement, the rate of urbanization and industrialization is quite slow.
2. People in urban settlement are generally engaged in secondary and tertiary sectors while people in rural settlement are generally engaged in primary activities such as cultivation and fishing.
3. Life in urban settlement Fast and complicated while life in rural settlement simple and relaxed
Explanation:
The price of ice cream to a new market creating short-run excess demand when weather causes the demand curve for ice cream.
<h3>Define short run demand .</h3>
A period of time during which only some aspects or variables can be modified since there is not enough time to modify the others. Short-run demand refers to actual demand, with its quick reaction to price changes, income volatility, etc. Various inputs are fixed and variable.
<h3>What is short-term demand, for instance?</h3>
A company like ABC, which can make 10 cars per day, can be an example of a short run. Due to increased demand throughout the season, ABC is looking to increase production to 15 vehicles per day by Utilising the available infrastructure.
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C. a social, military and economic system
