Create an account
GDP or Gross Domestic Product
total dollar value of all final goods and services produced in a country during one year
period in which most people who want to work are working, business produce goods and services in record numbers, wages are good and the rate of GDP growth increases.
period in which demand begins to decrease, businesses lower production, unemployment begins to rise and GDP growth begins to slow.
phase marked by a prolonged period of high unemployment, weak consumer sales, and business failures.
phase in which unemployment begins to decrease, demand for goods and services increases, GDP begins to rise again.
decrease in the general level of prices. Usually occurs in period of recession and depression
exists when a country can produce a good or service at a lower cost than other countries.
situation in which a country specialized in the production of a good or service at which it is relatively more efficient.
written contract granting permission to operate a business to sell products and services in a set way.
section of business plan that includes details about the business including it's age, history and form of ownership
small card printed or engraves with a person's name and business information. Includes business name, address, phone number, logo, website
heading that is printed at the top of a sheet of letter size paper, usually consisting of a company name, logo, address, web site address, telephone and fax number
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