Definitions
GlobalizationAn increasing integration and interdependence of people, businesses and governments around the world. |
Goods sectorThe sector of the economy made up of industries that harvest, extract, process, or transform raw materials into physical products. |
GraduateA person who has completed a qualification such as a degree or diploma. |
Gross domestic product (GDP)A measure of the value of all goods and services produced within the economy. It is the standard measure of the size and performance of the economy, and is usually expressed in billions of dollars. (Note: The term “value added” is sometimes used interchangeably with GDP. See Value-added.) |