Examlex
Define the four product categories used in the Boston Consulting Group (BCG) product-portfolio analysis.
Economic Growth
Growth in the inflation-corrected value of goods and services that an economy outputs over time.
Social Security
The U.S. social insurance program financed by a federal payroll tax that provides disability, retirement, and death benefits.
National Debt
The total amount of money that a country's government has borrowed, by various means, to finance its spending that exceeds tax revenues.
Deficit
An economic condition when a government's expenditures exceed its revenues, leading to borrowing or spending reserves.
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