Examlex
Identify the three levels of strategic planning and describe the function of each level. What is the relationship between human resource strategy and a firm's strategic plans?
National Income
The total value of all goods and services produced by a country's economy over a specific period, after accounting for depreciation.
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all final goods and services produced within a country's borders in a specific time period.
Economic Well-being
The state of individuals or groups having their basic financial and material needs met, along with access to opportunities for a better quality of life.
Self-sufficiency
The ability to fulfill all of one's needs without reliance on external resources, promoting independence and sustainability in living or economic practices.
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