Examlex
A forecast where the current period's demand is used as the next period's forecast is known as a
GDP
Gross Domestic Product; the total value of all goods and services produced within a country in a specific time period.
Per Capita
A statistical measure that allows comparison of entities by dividing a total quantity by the population size, indicating average value per person.
Industrial Development
The growth and evolution of industries in a nation or region, characterized by advancements in manufacturing, technology, and infrastructure.
Taiwan
An East Asian island country located off the southeastern coast of China, known for its dynamic economy and vibrant democracy.
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