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Gross domestic product
(redirected from Economic production)

    Also found in: Encyclopedia, Wikipedia, Hutchinson 0.11 sec.
Gross domestic product (GDP)
The market value of final goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas.
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Rather than an invisible marketplace, Chandler argued, the leading conglomerates of the early twentieth century coordinated and controlled economic production and distribution.
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