Recent orders

there must be some level of similarity across the world in order for production to be recognized. However

there is a huge difference between a third world economy and a first world economy

there is not dispute in the definition major economic production activities and outcomes such as manufacturing and banking. Considering the huge gap in level of economic activities going on in a country

there are millions of economic activities that can be singled out. There are economic activities that are recognized as production whereas others are not recognized. As an illustration

it is impossible for the government or authorities to collect certain production information due to the difficulty in accessing all areas in the country. In such an economy where a majority of the population is poor with high levels of inequality in resources distribution

production at the lowest level is much negligible. This makes it difficult for the collection of all information of economic activities going on at all levels of production. Since the availability of such data affects the calculation of the GDP