Examlex
What is the term for the small text files placed on the computer of a user who visits a company's Website?
Domestic Output
The total value of all goods and services produced within a country's borders in a specific time period, also known as Gross Domestic Product (GDP).
Arsenal of Democracy
A phrase used by President Franklin D. Roosevelt during World War II, describing the United States' role in supplying Allied nations with military materials.
Adam Smith
Scottish economist known as the father of modern economics, best known for his theory on free markets and the invisible hand guiding economies.
Specialization and Exchange
Economic strategy where individuals, regions, or nations focus on producing goods in which they have a comparative advantage, and then trade with others for what they need.
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