GDP (Gross Domestic Product) reflects the economic value of all the activities performed in a country during a single year. These activities can be divided into two areas:
-
Production of goods
-
Provision of services
Home » Books » Economics Part A » Comparative Advantage » Definition of Gross Domestic Product
GDP (Gross Domestic Product) reflects the economic value of all the activities performed in a country during a single year. These activities can be divided into two areas:
Production of goods
Provision of services