Definition
Gross domestic product (GDP) is the total value of goods and services produced within a country's borders in a year. Founders reach for it when a vague conversation needs a shared, specific meaning. Name it clearly, then let the next decision — a hire, a price, a test, or a pass — follow from that meaning.
In the room
How the word shows up in a real conversation.
Two cofounders disagree until they define Gross domestic product (GDP). Once they agree it means “Total value of goods and services produced within a country's borders in a year”, the argument becomes a decision.
Common mistake
Using Gross domestic product (GDP) as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Gross Margin
Percentage of revenue remaining after deducting the cost of goods sold.
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Gross profit
Revenue minus the direct costs of producing goods or services.
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Gross revenue
Total income generated by a business before deducting any expenses or costs.
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Green production
Manufacturing processes that minimize environmental impact and resource consumption.
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