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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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Machine learning

Building software that improves at a task by finding patterns in data rather than by being…

Recession

A significant, broad decline in economic activity lasting more than a few months. The rough-and-ready definition…

Bond

A loan to a government or company that pays interest and returns the principal at maturity.…

Dividend

A share of profit paid out to shareholders, usually quarterly. Cutting one is a strong signal…

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