Gross National Product
/ˈɡroʊs ˈnæʃənəl ˈprɒdʌkt/
Definitions
- (n.) The total market value of all final goods and services produced by a country's residents within a given period, used as an economic indicator in legal contexts involving economic policy and regulatory assessments.
The court examined the impact of changes in the gross national product on regulatory compliance costs.
Forms
- gross national product
Related terms
See also
Commentary
Used primarily in economic and regulatory law contexts to assess economic performance affecting legal standards and policy decisions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.