An economic indicator is a metric used to assess, measure, and evaluate the overall state of health of the macroeconomy. Economic indicators are often collected by a government agency or private … Evaluation is a very important concept in ib economics.

Analysis is providing the deed aspects --your d efinitions, e xplanations, e xamples and d iagrams … Practice quiz #16- evaluate: Economic developments and innovations in the industrial age practice quiz in response to mercantilism, adam smith developed his theory of free-market capitalism.