Glossary
106 terms defined — economic, geographic, government & more
Imports
EconomicGoods and services purchased from other countries. Imports satisfy domestic demand for products not produced locally.
Example: The United States is the world's largest importer of goods.
Imports
Industrial Production Growth
EconomicThe annual percentage change in industrial output, including manufacturing, mining, and utilities.
Example: Vietnam has seen strong industrial production growth exceeding 8% annually.
Industrial production growth rate
Industries
EconomicThe major economic sectors and manufacturing activities within a country.
Example: Germany is known for its automotive, chemical, and engineering industries.
Industries
Inflation Rate
EconomicThe rate at which the general level of prices for goods and services rises, eroding purchasing power. Central banks attempt to limit inflation to keep the economy running smoothly.
Example: Venezuela experienced hyperinflation exceeding 1,000,000% in 2018.
Inflation rate (consumer prices)
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