Examlex
In approaching the past through "a convergence of evidence," we are confident in our conclusions because:
Peak Efficiency
Refers to a condition under which a system, such as an economy or a production process, operates at its highest possible level of output without wasting resources.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible, often characterized by the absence of involuntary unemployment.
Economic Growth
Enhanced production of goods and services within an economic framework during a set period, customarily quantified by the Gross Domestic Product.
Bad Depression
An exceptionally severe and prolonged downturn in economic activity, characterized by significant declines in income and employment.
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