Economics terms starting with O

4 terms

1. Other current transfer payments to the rest of the world Payments consisting of U.S. government military and nonmilitary grants-in-cash and grants-in-kind to foreign governments.
2. Outward investment U.S. residents' investment abroad.
3. Overseas adjustment An adjustment made to the national estimates of personal income to exclude the wages and salaries and related components of the income of U.S.
4. Own-account production Production performed by a businesses or government for its own use.