Examlex
A production-oriented firm focuses on satisfying customer wants and needs.
Output Per Capita
A measure of a country's economic output that accounts for its number of people, essentially dividing the country's gross domestic product by its total population.
Underdeveloped Country
A nation with a lower living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
Adult Population
The adult population refers to the segment of a nation's population that is aged 18 years and over, considered legally capable of entering into contracts and being counted for employment and other demographic statistics.
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within its borders in a specific time period.
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