Economics Of A Country: Gross Domestic Product

Economics of a country: Gross Domestic Product

Introduction

The Gross Domestic Product) is the value of all goods and services produced by a specific country or region, these will depend on the population, the collection of the capital team and the advancement of technology this will beTo indicate the welfare of society. This covers material consumption, whether they have a long or short duration as well as the consumption of services, while the consumption goes increases over time over a period of one year can be cataloged as the increase in the gross domestic product. 

Developing

In our country they can be distributed in three sectors. Starting with the primary sector refers to the exploitation of natural wealth without modifying or transforming these articles, examples of them would be sectors such as livestock, fishing, mining and forest exploitation among others among others. Starting with an example would be the cultivation of a fruit like orange. Then we continue with the secondary sector that would be with the transformation of these products extracted from the primary sector following our example would be the production of an orange juice after having cultivated.

Cut and transported until it reaches somewhere where it will be transformed into packaged juice, adding vitamins and conservatives ready for sale. In the last sector, the tertiary sector refers only to the sale of the products, continuing with our example, with the sale of packaging juice, scattered in stores in different places for sale.

In this sector also enter the rent of services such as the income of an Internet service, cable television, drinking water, electricity transport among others. The gross domestic product is also based to calculate the economic increase.

Being clear a good competition market for user consumption. It could be considered as a disadvantage by the classification of status of a society which would be affected by the preference of these regions that by others. An important factor by which the gross domestic product is also affected is because of the decision making of the people who represent these societies, many of the time when a six -year period of the presidency falls, it is involved in loans abroad that in aBenefit principle, but in the long run this affection for the payment of said loans.

conclusion

One of the best strategies for government growth towards its society is the support of the creation of new small businesses and lasting small or medium -sized companies that already exist. Within the investment by the government that also helps to increase the gross domestic product is the growth of infrastructure within the region, investment in the creation of institutions dedicated to education from which its population will benefit to obtain greateropportunities doing a competent society.