Gross Domestic Product
Gross Domestic Product (GDP) is an economic measure that represents the total financial value of all goods and services produced within a country's borders during a specific time period. It serves as an indicator of a nation's economic health, showing the size and performance of its economy. GDP can be calculated using three approaches: the production approach, the income approach, and the expenditure approach. A growing GDP typically indicates economic expansion, while a declining GDP may signal contraction or recession.
Related Terms
Cash Commodity
A cash commodity, also called an 'actual,' is a tangible goods—such as aluminum, cotton, gold,...
Income Statement
An income statement is a key financial document detailing a company’s profit, loss, revenue, expenses,...
Cash and Cash Equivalents
Cash and cash equivalents are short-term assets classified under current assets on a company's balance...
Commodity
A commodity refers to physical goods and raw materials such as aluminium, cotton, copper, sugar,...
Equity Shares
Equity shares refer to the ownership units of a company, issued through an Initial Public...
Hard Underwriting
Hard underwriting occurs when the underwriter agrees to purchase their allocated share of stock before...
