Department of Commerce
from class: Principles of Finance Definition The Department of Commerce is a U.S. federal agency responsible for promoting economic growth, job creation, and sustainable development. It provides critical data and policy recommendations to support trade, investment, and innovation within the country.
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Predict what's on your test 5 Must Know Facts For Your Next Test The Department of Commerce oversees the Census Bureau, which collects essential economic data. It administers programs that facilitate international trade and enforce trade agreements. The National Institute of Standards and Technology (NIST), under the Department of Commerce, sets crucial industrial standards. It plays a key role in regulating exports to ensure national security. The Department helps develop policies aimed at fostering innovation through grants and research funding. Review Questions What role does the Department of Commerce play in collecting economic data? How does the Department of Commerce contribute to international trade? Why is the National Institute of Standards and Technology important for industrial standards? "Department of Commerce" also found in:
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