Economists study the material well being of mankind.
Economists study how society distributes scarce resources such as land, labor, raw materials, and machinery to produce goods and services. They conduct research, collect and analyze data, monitor economic trends, and develop forecasts on issues such as energy costs, inflation, interest rates, imports, or employment levels. Economists use mathematical models to help predict answers to questions such as the nature and length of business cycles, the effects of a specific rate of inflation on the economy, or the effects of tax legislation on unemployment levels. Preparing reports, including tables and charts, on research results is an important part of an economist's job.
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