When something is done or relates to the principles and practices of financial management, production, and distribution of goods and services.
Related terms
Gross Domestic Product (GDP): The total value of all goods and services produced within a country's borders in a specific time period.
Supply and Demand: The theory that the price of a product is determined by the interaction between the quantity supplied by producers and the quantity demanded by consumers.
Inflation: A general increase in prices over time, reducing the purchasing power of money.