Glossary of Common Terms: Difference between revisions

Revision as of 11:56, 23 September 2024

gross domestic product (GDP) -- The most widely accepted measurement of the health of a nation's economy.
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YOY -- means year over year, and is an abbreviation frequently used to measure growth from one year to the next. For example, if you sold 100 apples in 2020 and 110 apples in 2021, your 2021 YOY change would be ten (10) apples or a ten percent (10%) increase.

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	*** [https://www.britannica.com/money/gross-domestic-product Britannica]		*** [https://www.britannica.com/money/gross-domestic-product Britannica]

	* '''YOY''' -- means '''year over year''', and is an abbreviation frequently used to measure growth from one year to the next. For example, if you sold 100 apples in 2020 and 110 apples in 2021, your 2021 YOY change would be '''ten (10) apples''' or a '''ten percent (10%) increase'''.		* '''YOY''' -- means ''year over year'', and is an abbreviation frequently used to measure growth from one year to the next. For example, if you sold 100 apples in 2020 and 110 apples in 2021, your 2021 YOY change would be ''ten (10) apples'' or a ''ten percent (10%) increase''.