Economics

GDP stands for Gross Domestic Product, which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Inflation refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

A recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

An economic boom is a period of significant economic growth, typically characterized by increased production, employment, and demand.

A stock market is a place where investors can buy and sell shares of publicly traded companies.

Profit is the financial gain that results when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

A shareholder is any person, company, or institution that owns at least one share of a company's stock, making them a part-owner of the company.