What is Gross Domestic Product?

(Source: BusinessWorld) GROSS DOMESTIC PRODUCT represents the BROADEST measure of the value of economic activity within a country during a period of time. Gross Domestic Product¬†(GDP) measures the market value of all final goods and services produced within the economy in a given period of time (output definition) or, equivalently, the aggregate income earned by…

Economic Growth & Sustainability – Part 1

Source: TimesHigherEducation.com Economic GROWTH has always been the key focus of many authorities and government. As with the environmental concerns, it is more crucial to consider Economic Growth & SUSTAINABILITY. Economic growth is important because rapid growth in per capita real GDP can transform a poor nation into a wealthy one. Even a small differences…