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G-7: The common abbreviation for the Group of Seven, which is seven of the most advanced and industrialized nations of the world--the United States, Britain, France, Italy, Canada, Germany, and Japan--that meet regularly to coordinate fiscal and monetary policies. Their actions are based on the proposition that our global economy and the individual countries are better off through cooperation than conflict.
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SCIENTIFIC METHOD A structured way of investigating and explaining the operation of the world by testing and verifying hypothesized relations. The scientific method is a process of discovery, a method of explaining the way the world operates. Positive economics is the application of the scientific method to economic analysis.
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General Electric is the only stock from the original 1896 Dow Jones Industrial Average remaining in the current index.
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"Plans are only good intentions unless they immediately degenerate into hard work." -- Peter Drucker, management consultant
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PPF
Production Possibilities Frontier
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