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“aggregate”
Sum: total:The aggregate is the total of some measured element, or elements, of the economy.
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Economical, Business, and Financial Terms +
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A mixture of several materials; for example, aggregates of gravel, natural sand, and crushed stone are used for making concrete.
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Technical Science and Engineering
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The entire quantity or total collection of different elements all together. (1)
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Word a Day Revisited Index of Cartoons Illustrating the Meanings of Words
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Word Entries containing the term:
“aggregate”
The total spending on goods and services by all sectors, including consumers, business, government, and foreign: When taxes rise, the result is a reduction in the aggregate demand, particularly in vehicles and durable items.
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Economical, Business, and Financial Terms +
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A macroeconomic situation in which national demand for goods and services equals a national supply of goods and services: The economy in anggregate equilibrium operates in full employment and and variation in aggregate demand can only lead to the change in the level of prices, not to a change in the output.
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Economical, Business, and Financial Terms +
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