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A firm's concern for employees in a mission statement addresses the question, "Is the firm responsive to social, community, and environmental concerns?"
Price Level
A metric that calculates the mean of present prices for all goods and services produced within the economy, relative to a reference year.
Consumer Price Index
An index that measures the average change in prices paid by consumers for a basket of goods and services over time, often used as an indicator of inflation.
Bureau of Labor Statistics
A U.S. government agency responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes in the economy.
Market Basket
A selected collection of goods and services used to track price changes for the purpose of measuring inflation.
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