<span>An economic indicator shows the measurement to determine and
analyze the economic progress and performance of a country. Examples of this are consumer price index,
inflation, industrial production, bankruptcies, gross domestic product, retail
sales, stock market prices, money supply changes and unemployment rate. How these indicators perform depends on the
effectiveness of the policies and programs being implemented by the government’s
economic institutions. If these policies
help in the improvement of the country’s economic development then it will be
reflected in these indicators. Same can
be said if it is not effective.</span>
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The steps of hydraulic fracturing have been placed in order as follows:
1. The targeted shale formation is drilled to the desired depth
2. The well is completed
3. Production begins with oil and gas flowing and fracturing commencing.
4. Well abandonment which entails leaving the land as it was initially..
<h3>What is hydraulic fracturing?</h3>
Hydraulic fracturing refers to the process of injecting a well with chemicals and other materials that are needed for it to release its oil content. Hydraulic fracturing often begins with the preparation of the well to be used for the purpose.
Next is the drilling of the target area. This is followed by the completion of the well, and the beginning of production. After production is completed, the well is now abandoned or returned to the way it was when production began.
Learn more about hydraulic fracturing here:
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