I know the basic definition but it really doesn’t click in my head, kindly shade more light
In: Economics
you do work for your job. That has value. Your neighbor also does work for their job. That also has value. Infact, your entire city does work for their jobs. ALL of that has value.
And yours isnt the only city in your country, ALL of the cities have people doing work for their jobs. ALL of that ALSO has value.
And the total value of everyone in all your cities doing all their jobs is the GDP of your nation.
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