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A-Z Glossary

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Glossary Definitions

  • G5
    The G5 countries are the top 5 wealthiest and most influential countries. They are France, Germany, Japan, the United Kingdom, and the United States.
  • Gatekeepers
    These are buyers of products who control the flow of information as well as making the purchasing decision.
  • Cadbury (6th Edition)
  • Gatt
    GATT (General Agreement on Tariffs and Trade), now the WTO (World Trade Organisation), began the process of world trade liberalisation in 1948. Agriculture was brought into the process in 1994 under the Uruguay Round Agreement. A new agreement is currently under negotiation.
  • Department of Agriculture & Food (8th Edition)
  • Geographical Mobility
    This refers to the movement of workers from one location to another. The greater the mobility of workers, the lower the level of unemployment. The restriction on mobility has economic implications for the level of unemployment.
  • Enterprise Ireland (5th Edition)
  • Geographical Organisation
    This is a business that is divided according to the geographical areas it is serving.
  • Gender mainstreaming
    The Government's strategy to promote equal opportunities between men and women. This is necessitated by the fact that men and women often have different levels of access to resources and carry out different tasks in their daily lives. For example 73% of men participate in the workforce compared to 50% of women. Gender mainstreaming is a requirement for all policies and programmes funded under the NDP.
  • NDP (9th Edition)
  • General Government Balance
    This is the combined budgets of the Government, local government bodies such as county councils, and the non commercial state sponsored bodies.
  • NTMA (9th Edition)
  • General Government Debt (GGD)
    This is the definition of debt used for comparative purposes within the EU of which the National Debt is a principle component.
  • NTMA (8th Edition)
  • Global Company
    Global companies plan activities on a global basis. By operating in more than one country benefits from savings or economies on activities such as R&D, marketing, operations and finance are achieved which may not be available to domestic companies.
  • Masterfoods (5th Edition)
  • Global Marketing
    The sale of a good or service to every corner of the globe. This will allow the use of a standard marketing mix everywhere.
  • Masterfoods (5th Edition)
  • Good Friday Agreement
    Signed in Belfast on April 10 1998 by the British and Irish Governments and endorsed by most Northern Ireland political parties. It was endorsed by the voters of Northern Ireland and the Republic of Ireland in separate referenda in May 1998.
  • Special EU Programmes Body (9th Edition)
  • Goodwill
    Goodwill is the likelihood that the old customer will return and can be equated with brand loyalty.
  • Coca-Cola (5th Edition)
  • Government Bond
    A debt instrument issued by the Government for a period of more than one year. Generally, a bond is a promise to repay the principal along with interest on a specified date (maturity). When an investor buys a bond, he/she becomes a creditor of the issuer. However, the buyer does not gain any kind of ownership rights to the issuer, unlike in the case of equities or share. Government bonds are regarded as very secure low risk investments.
  • Government Policy
    This refers to the government's approach or strategy to a particular area of activity.
  • Bord Failte (6th Edition)
  • Government Stock
    One of the ways the government borrows domestically. The main source of government finance is government bonds, which usually carry a fixed rate of interest. Their maturity dates vary from 5 to 20 years. Bonds may be sold before their maturity date through a broker with the price received depending on market interest rates at the time. Financial institutions are obliged to hold a percentage of their assets in the form of government stock.
  • GPRS (General Packet Radio Service)
    General Packet Radio Services (GPRS) is a packet-based wireless communication service that promises data rates from 56 up to 114 Kbps and continuous connection to the Internet for mobile phone and computer users. The higher data rates will allow users to take part in video conferences and interact with multimedia Web sites and similar applications using mobile handheld devices as well as notebook computers. GPRS is based on Global System for Mobile (GSM) communication and will complement existing services such circuit-switched cellular phone connections and the Short Message Service (SMS).
  • Dell Ireland (6th Edition)
  • Gross Domestic Product
    This is the measure of the total flow of goods and services produced within the country during the year and is used to assess national economic performance. GDP does not include net factor income (income earned by Irish individuals and companies minus income earned by foreign individuals and companies in Ireland).
  • Department of Foreign Affairs (9th Edition)|Department of Agriculture (9th Edition) |NTMA (9th Edition) | NTMA (5th Edition) | NTMA (12th Edition)
  • Gross National Income
    The total value of all goods and services produced within a nation over a specified period of time, representing the sum of wages, profits, rents, interest, and pension payments to residents of the nation.
  • NDP (5th Edition)
  • Gross National Product
    The most widely used measure of the overall level of economic activity. This has been refined over the years to give a more accurate measure of the level of economic activity by, for example, taking into account the level of profit repatriations from multinational firms.
  • NTMA (9th Edition) | NTMA (5th Edition) | EU COMMISSION (11th Edition) | NTMA (12th Edition)