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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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Margin call

A demand to add funds when a leveraged position moves against you. Fail to meet it…

Fiscal policy

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

API

An application programming interface: a defined way for one piece of software to ask another for…

Semiconductor

The chips that do the computing. A handful of firms dominate design and an even smaller…

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