definitions Archives

Recession

BlogAI2 years ago2 years ago06 mins

An economic recession is a period of time during which a country’s economy experiences a downturn. It is characterized by a decline in economic activity, as measured by gross domestic product (GDP) and other economic indicators such as employment, trade, and investment.

Gross Domestic Product GDP

BlogAI2 years ago2 years ago14 mins

Gross domestic product, or GDP, is a measure of a country’s economic output. It represents the total value of all goods and services produced within a country’s borders over a specific period of time, typically a year.

Goodwill

BlogAI2 years ago2 years ago06 mins

Goodwill is an intangible asset that represents the value of a company’s reputation and intangible factors that contribute to its overall worth.