lweo

capital All the goods that are used for the production of other goods, such as machinery and materials. Those capital goods can be financed with borrowed money, in return for which the lender of the money receives interest, or they can be leased, whereby the lessor of the capital goods receives rent in exchange.
entrepreneurship Entrepreneurship is the factor of production that organises the production process and gets profit in return for that.
factors of production The means used to produce, namely labor, entrepreneurship, capital (goods) and nature (natural resources).
green GDP Prosperity concept whereby the environment is also taken into account in addition to the GDP. In other words: criterion for prosperity growth that takes into account the conservation of natural resources and the environment.
Gross Domestic Product (GDP) The value of the total internal production of a country.
growth percentages Percentages that indicate by what percentage a certain variable has changed compared to the year before.
Human Development Index (HDI) Prosperity concept whereby the level of education of the population and healthcare are also taken into account in addition to the GDP.
labour The use of human capacity for the production of goods and services.
Lorenz curve A graph which represents the (in)equality of a distribution, for instance of the distribution of the total income among persons or households.
national income Incomes of all the people in a country added up in a certain period.
nature All natural raw and auxiliary materials. In exchange for making the factor of production nature available, the owner receives rent by way of primary income.
primary income You receive a primary income by using your working power or your possessions to make a contribution to the production process. In exchange for your contribution you receive a primary income, such as wage.
prosperity The extent to which people can meet their needs.
transfer income Income you receive without doing anything in return, for instance an invalidity benefit. Transfer incomes are paid from the national insurance contributions that are deducted from the primary incomes by the government.

capital
All the goods that are used for the production of other goods, such as machinery and materials. Those capital goods can be financed with borrowed money, in return for which the lender of the money receives interest, or they can be leased, whereby the lessor of the capital goods receives rent in exchange.

entrepreneurship
Entrepreneurship is the factor of production that organises the production process and gets profit in return for that.

factors of production
The means used to produce, namely labor, entrepreneurship, capital (goods) and nature (natural resources).

green GDP
Prosperity concept whereby the environment is also taken into account in addition to the GDP. In other words: criterion for prosperity growth that takes into account the conservation of natural resources and the environment.

Gross Domestic Product (GDP)
The value of the total internal production of a country.

growth percentages
Percentages that indicate by what percentage a certain variable has changed compared to the year before.

Human Development Index (HDI)
Prosperity concept whereby the level of education of the population and healthcare are also taken into account in addition to the GDP.

labour
The use of human capacity for the production of goods and services.

Lorenz curve
A graph which represents the (in)equality of a distribution, for instance of the distribution of the total income among persons or households.

national income
Incomes of all the people in a country added up in a certain period.

nature
All natural raw and auxiliary materials. In exchange for making the factor of production nature available, the owner receives rent by way of primary income.

primary income
You receive a primary income by using your working power or your possessions to make a contribution to the production process. In exchange for your contribution you receive a primary income, such as wage.

prosperity
The extent to which people can meet their needs.

transfer income
Income you receive without doing anything in return, for instance an invalidity benefit. Transfer incomes are paid from the national insurance contributions that are deducted from the primary incomes by the government.