Examlex
What is a foot-pound?
Income Distribution
Describes how a nation’s total GDP is distributed amongst its population, often highlighting the disparities between different income groups.
Market Economy
An economic system where supply and demand within a free market determine the production of goods and services, with minimal governmental intervention.
Productivity
Productivity is a measure of efficiency, typically quantified as the ratio of output produced to the inputs used in the production process.
Economic Pie
A metaphorical representation of the total wealth or economic output available in a society or economy.
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