What does GROSS DOMESTIC PRODUCT (GDP) mean to the common people? GDP is the
monetary value of all the finished goods and services produced within a
country's borders in a specific time period, estimates are commonly used to
determine the economic performance and standard of living of a whole country or
region, and to make international comparisons. How well is a country, not a
political party as the executive or as opposition, doing economically? Is the
country growing or declining, paying its bills and servicing its obligations?
Year on year, is the country providing better and more jobs? Are sectors and
industries expanding and diversifying? Hence, are lifestyles improving?
Showing posts with label Productivity. Show all posts
Showing posts with label Productivity. Show all posts
Monday, February 11, 2019
Monday, August 29, 2016
Productivity

Saturday, July 30, 2011
Non-Financial Profits
Small business activities are seen by most economists as the engine to restore confidence and create jobs in the short to medium term. Driven by Government policies through incentives, both public and private lenders are encouraged to make a larger portion of their loan portfolio available to small operators. But most small borrowers lack the necessary asset backing to make them commercially viable and even with Government guarantees in place, such loans historically fail to perform, costing the lender more in administration expenses than the interest collected. To address these issues, lenders are promoting business services to assist in planning and reporting activities, to more closely monitor and quickly take action at the first sign of problems.
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