Examlex
Economies of scale and Increasing Returns to Scale are the same thing looked at from either the production or cost perspective.
Annual Growth
The increase in the value of an economy's goods and services over a one-year period, typically expressed as a percentage.
Per Capita GDP Growth
measures the rate of growth in the average economic output per person, indicating the economic progress of a country on an individual level.
Major Industrial Country
A country that is highly developed and has a significant influence on the global economy due to its industrial capabilities.
West Germany
The name for the Federal Republic of Germany during the period between its formation in 1949 and German reunification in 1990.
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