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The phrase "economic components" is correct and usable in written English.
It can be used when discussing the various elements or factors that contribute to an economy or economic system.
Example: "The economic components of the region include agriculture, manufacturing, and services."
Alternatives: "economic factors" or "economic elements".
Exact(37)
These factors include the four major economic components that economists often use to date recessions: job growth (as measured by nonfarm payrolls), personal income, industrial production, and consumption.
John Abizaid, the great-grandson of Lebanese immigrants, learned Arabic and figured out early in his career that the Army would need to think deeply about the political and economic components of the wars it would probably have to fight.
The index aims to predict where the economy is headed in the next three to six months based on 10 economic components, called leading indicators, which include stock prices, building permits and initial claims for unemployment benefits.
The index is designed to forecast economic activity in the next three to six months based on 10 economic components, including stock prices, building permits, average weekly manufacturing hours and initial claims for unemployment benefits.
The index is intended to forecast economic activity in the next three to six months based on 10 economic components, including stock prices, building permits and initial claims for unemployment benefits.
Lack of information regarding local medicinal plants in this region limits their use as important health and economic components.
Similar(21)
There has got to be an economic component to this".
There is also a distinctively economic component to the process.
Ms Noor agreed with the economic component of the protest.
But the statistics in his speech also recognised an economic component to the debate.
In the last two decades the economic component of the alliance has taken centre stage.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com