Technical Progress
The commercial application and successful exploitation of an invention
What is an innovation?
His first government has been one of the shortest in French political history
Who is Sébastien Lecornu?
She was a model and comes from Slovenia
Who is Melania Trump?
The total amount of resources (labor and material) or quantity of a product available to the international market
What is the global supply?
The total increase in the value of all the goods and services that society produces
What is economic growth?
A new good
What is a product innovation?
This is when the government resigns or loses its power
When the government collapses?
He will become the youngest Mayor of New York since 1892
Who is Zohran Mamdani?
This is a numerical value of currency representing labor and resources that is exchanged for a good or service.
What is a price?
The monetary value of all the goods and services produced in ta country in a given period of time
What is Gross Domestic Product (GDP)?
A new way to produce, making the productivity increase
What is process innovation?
When spending is greater than tax revenues
What is a budget deficit?
America will celebrate 250 years if independence on this day
What is July 4th, 2026?
This is a type of market in which there are many firms and consumers have a large amount of choice
What is a perfect competition market?
This is the GDP adjusted for inflation
What is the real GDP?
This innovation was introduced by Henry Ford to the Ford plants in Detroit in 1913, after having seen it at work in the slaughterhouses of Chicago where the meat carcasses moved by hooks and passed from worker to worker
What is assembly line work?
Macron could have called this type of new legislative elections
What are snap elections?
Since August 2025, the price of all the products in the USA coming from the 27 countries of the European Union has increased by 15% because of this
What are the tariffs imposed by Trump Administration on EU exports to the United States?
This is a type of market characterized by having few competing firms that control the majority of available resources
What is an oligopoly?
Machinery, tools, equipment, that are needed to produce
What are examples of capital as a factor of production?
The machine designed by James Watt in 1769 was then marketed by its inventor
What is the steam machine?
French Prime Minister François Bayrou called this on his policies
What is a vote of confidence?
A Danish island that President Trump would like to buy
What is Greenland?
This is a single firm or entity that sets the price of its goods or services due to a lack of competition in the market
What is a price maker?
The increase in the amount and the productivity of capital goods and labor factor leads to the economic growth
What are growth factors?