Examlex
Define what is meant by material and nonmaterial culture; give two examples of each.
Defense Contractor
A business organization that provides products or services to a military or national security department of a government.
Recession
A temporary economic slump, associated with a drop in business and manufacturing activities, commonly distinguished by a successive decline in GDP across two quarters.
Cyclical Unemployment
Cyclical unemployment is the component of overall unemployment that results from economic recessions or expansions, influenced by the business cycle.
Economy
An area or system in which goods and services are produced, distributed, and consumed by various agents, encompassing local to global scales.
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