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NET REVENUE: A common term for profit, as the difference between total revenue and total cost. When used in the real world of business wheeling and dealing, this notion of net revenue general refers to accounting profit rather than economic profit. The "net" aspect of net revenue indicates that some (that something being cost) is deducted from total or "gross" revenue. Other common terms used in this same context are net income and net earnings.

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PROSPERITY: A period of sustained growth that often lasts for a decade or two. A prosperity usually includes several separate business cycles, each with relative mild recessions and very vigorous, healthy expansions. The United States enjoyed prosperity from the late-1940s into the mid-1960s, a period that many look fondly on as our "golden age." The prosperity of this period, as is often the case, was the direct aftermath of a severe depression. In particular, the restructuring needed to achieve a period of extended prosperity was a hallmark of the Great Depression of the 1930s.

     See also | business cycles | expansion | contraction | recession | depression | institution |


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CONSUMER CONFIDENCE INDEX

A measure of consumer attitudes, preferences, and expectations concerning the state of the economy and business cycle conditions that is compiled each month by The Conference Board. The Conference Board is also responsible for compiling the leading, coincident, and lagging economic indicators. The Consumer Confidence Index is one of two primary measures of consumer attitudes. The other is the Index of Consumer Sentiment developed by the University of Michigan.

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APLS

ORANGE REBELOON
[What's This?]

Today, you are likely to spend a great deal of time touring the new suburban shopping complex wanting to buy either several magazines on time travel or 500 feet of telephone cable. Be on the lookout for defective microphones.
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One of the largest markets for gold in the United States is the manufacturing of class rings.
"Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger. "

-- Lou Holtz, Football Coach

JEP
Journal of Economic Perspectives
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