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  New to the world of economics? Here you find an outstanding collection of Economics Dictionaries providing you with all the technical information you need to understand terms in a wide range of terminologies used in the economy sector.

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Term of the day

Gross operating surplus

Bible DictionaryBEA Economic Analysis Dictionary
 Value derived as a residual for most industries after subtracting total intermediate inputs, compensation of employees, and taxes on production and imports less subsidies  from total industry output. Gross operating surplus includes consumption of fixed capital (CFC), proprietors’ income, corporate profits, and business current transfer payments (net). Prior to 2003, it was referred to as other value added or property-type income.
Source: U.S. Bureau of Economic Analysis
 

Popular Terms

IIP

Intra-firm trade in services

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