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Mercantilism
An economic theory that emphasizes the importance of stockpiling precious metals and exporting more than importing to boost a nation's wealth and power.
Gross Domestic Product
The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
Human Development Index
A statistical tool that measures a country's overall achievement in its social and economic dimensions, based on factors like life expectancy, education, and per capita income levels.
Purchasing Power Parity
An economic theory and a method used to determine the relative value of different currencies and the exchange rate needed to equalize the purchasing power of different currencies.
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