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Gross domestic product |
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Gross domestic productThe total value of new goods and services produced in a given year within the borders of a country, regardless of by whom. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NDP.Gross domestic productThe value of all goods and services created within an economy. It equals gross national product minus income from abroad.Similar MatchesDomestic tradeDomestic tradeCommerce within a country; wholesale and retail trade. Domestic resource costDomestic resource costA measure, in terms of real resources, of the opportunity cost of producing or saving foreign exchange. It is an ex ante measure of comparative advantage, used to evaluate projects and policies. The term was introduced to the economics literature by Bruno (1963, 1972). Domestic distortions argument for protectionDomestic distortions argument for protectionSee second best argument. Domestic lawDomestic lawThe laws and legal system of a country, which may be constrained by international obligations such as WTO membership. Sometimes a domestic law is inconsistent with such obligations and must be changed. This may be seen as a threat to the country's sovereignty. Domestic corporationDomestic corporationA corporation that is conducting business and is based in the country in which it is established, as opposed to a foreign corporation. Further SuggestionsDomestic International Sales Corporation (DISC)Domestic support Domestic series Domestic content protection Net domestic product Domestic bonds Domestic Domestic International Sales Corporation Domestic market Qualified Domestic Relations Order (QDRO) Gross domestic product (GDP) Domestic content requirement Domestic credit |
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