They analyze the costs and benefits of producing, distributing, and consuming goods and services.
Economists gather data, analyze trends, and develop forecasts.
They use their knowledge of economic relationships to advise governmental policy makers, businesses, banks, brokerage firms, trade associations, and labor unions. Some economists work abroad for companies with international operations, for U.S. governmental agencies, and for international organizations, such as the World Bank and the United Nations. A knowledge of economics has become increasingly important in a complex global society. Economic thinking cuts across and is enhanced by the wide range of disciplines. The economic argument may be based on logic and facts, but it is strengthened by analogies and stories.