A pentathlon is a contest featuring five events. The name is derived from Greek: combining the words pente and -athlon. The first pentathlon was documented in Ancient Greece and was part of the Ancient Olympic Games. Five events were contested over one day for the Ancient Olympic pentathlon, starting with the long jump, javelin throwing, and discus throwing, followed by the stadion and wrestling. Pentathletes were considered to be among the most skilled athletes, and their training was often par
Economic Definition of aggregate production function. Defined. Term aggregate production function Definition: A relation between the total production of real output for an economy and the amount of labor input.
In the Keynesian framework, aggregate demand is the sum of consumption demand, investment demand, government demand for goods and services, plus net exports. Aggregate supply is simply total output -- gross domestic product â the total production of goods and services in the economy. Both aggregate demand and aggregate supply are depicted as curves, with the price level on the vertical axis and income and output on the horizontal axis.