DumbList

The Gross Domestic Product of a country is the value of all goods and services produced in a country in one year.

GDP can be calculated as follows: add up all of a country's incomes (say wages, interest, profits etc) and its exports. Subtract from this total the country's total imports.

Labels: economy

Emerging economy or emerging market economy is a term used to represent those countries which are currently beginning to "emerge" into the global scene and thus have an excellent potential in future. In other words, these are economies which had not been as well as the developed economies until recently, but have just about started doing well and could be doing much better in future

Some of the most familiar emerging economies are Brazil, India, Russia and China.

Labels: economy, emerging-economies

BRIC is an acronym that refers to four countries - Brazil, Russia, India, China

These four countries are expected to do very well during the next few decades; so every business person is keenly watching what's happening in these countries and how they can benefit from them.

Labels: economy, emerging-economies