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Gross Domestic Product (GDP)
The market value of all final goods and services produced in the nation during a particular period, usually a year.
Social Welfare
Programs and policies designed to provide support for the well-being of individuals and communities, including healthcare, education, and financial aid.
Leisure Time
Free time that an individual can spend away from work, chores, and other obligatory activities, often used for rest, recreation, or personal interests.
Value Added
Value Added refers to the increase in value that a business creates by undergoing a production process, calculated as the difference between the cost of raw materials and the price of the finished product.
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