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Glossary Business & Economy

GDP

Gross domestic product: the total value of goods and services an economy produces. It measures activity, not wellbeing or how the proceeds are shared.

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Encryption

Encoding data so only someone with the right key can read it. End-to-end encryption means the…

Market capitalisation

Share price multiplied by shares outstanding: what the market says a company is worth in total.…

Fiscal policy

What a government does with taxation and spending, as distinct from monetary policy, which is set…

Large language model

A model trained on vast amounts of text to predict what comes next, which turns out…

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