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ZERO GROWTH: A growth rate (usually in terms of population) that is equal to zero. In other words, this is no change from one year to the next. This goal has been proposed by those who content that population growth is placing excessive pressure on the planet's availability of limited resources and its ability to assimilate pollution. In general terms, zero growth can apply to any measurement, including production, prices, etc.
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Lesson 10: Gross Domestic Product | Unit 2: Looking Behind GDP
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Page: 13 of 25
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In this unit, you should have learned something about:- Measuring economic production using market transactions.
- Market transactions of past and future production that are NOT economic production and are excluded from GDP.
- Economic production of in-kind activities that do NOT involve market transactions but are included in GDP.
- Economic production of home production that do NOT involve market transactions and are excluded from GDP.
- Economic production of illegal activities that do involve market transactions but are excluded from GDP.
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LABOR The mental and physical human efforts used in the production of goods and services. This is one of four basic categories of resources, or factors of production. The other three are capital, land, and entrepreneurship.
Complete Entry | Visit the WEB*pedia |
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either a wall poster commemorating last Friday (you know why) or a country wreathe. Be on the lookout for strangers with large satchels of used undergarments.
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This isn't me! What am I?
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The first "Black Friday" on record, a friday marked by a major financial catastrophe, occurred on September 24, 1869 -- A FRIDAY -- when an attempted cornering of the gold market induced a financial crises and economy-wide depression.
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"A stumble may prevent a fall. " -- Margaret Thatcher, British prime minister
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LTFV
Less Than Fair Value
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