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16 relations: Economics, Economy, Goods, Gross domestic product, Gross profit, Gross regional domestic product, Intermediate consumption, Measures of national income and output, National accounts, National Income and Product Accounts, Office for National Statistics, Output (economics), Service (economics), Subsidy, Tax, Value added.
Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Economy
An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.
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Goods
In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
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Gross domestic product
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.
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Gross profit
In accounting, gross profit, gross margin, sales profit, or credit sales is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments.
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Gross regional domestic product
Gross regional domestic product (GRDP) or gross domestic product of region (GDPR) is a subnational gross domestic product for measuring the size of that region's economy.
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Intermediate consumption
Intermediate consumption (also called "intermediate expenditure") is an economic concept used in national accounts, such as the United Nations System of National Accounts (UNSNA), the US National Income and Product Accounts (NIPA) and the European System of Accounts (ESA).
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Measures of national income and output
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income also called as NNI at factor cost (NNI* adjusted for natural resource depletion).
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National accounts
National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation.
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National Income and Product Accounts
The national income and product accounts (NIPA) are part of the national accounts of the United States.
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Office for National Statistics
The Office for National Statistics (ONS) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the UK Parliament.
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Output (economics)
Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country", whether consumed or used for further production.
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Service (economics)
In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.
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Subsidy
A subsidy is a form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policy.
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Tax
A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.
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Value added
In business, the difference between the sale price and the production cost of a product is the unit profit.
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