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Glossary Politics & World

Judicial review

A court examining whether a government decision was lawful. It tests the legality of how a decision was made rather than whether it was wise.

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Blockchain

A shared ledger of transactions maintained by many computers at once rather than by a single…

Deflation

A sustained fall in the general price level. It sounds welcome but tends to delay spending…

Bitcoin

The first widely used cryptocurrency, launched in 2009. Its supply is capped by its own software…

GDP

Gross domestic product: the total value of goods and services an economy produces. It measures activity,…

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