Economic Activity

New Orders
Definition and economic significance of new orders as a leading indicator.
Seasonal Adjustment
Adjustment to correct for seasonal patterns in time-series data by estimating and removing seasonal effects in economic activity caused by natural factors, administrative measures, and social or religious traditions.
Deflationary Gap
An estimate of the difference between the level of effective demand required for a normal level of economic activity at any time, and the actual level during a recession.
Economic Activity
An exploration of the production and consumption of goods and services in both market and non-market forms.
Household Production
Understanding the concept of household production, its significance, and how it is accounted for in different economic systems.
Production
An overview of the concept of production within economics, covering its meaning, context, frameworks, comparative analysis, and related terms.
Standard Industrial Classification
A detailed examination of the Standard Industrial Classification (SIC) and its significance in economic activity classification.