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 macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time. It specifies the amounts of goods and services that will be purchased at all possible price levels. This is the demand for the gross domestic product of a country. It is often called effective demand, though at other times this term is distinguished. The aggregate demand curve is plotted with real output on the horizontal axis and the price level on the vertical axis.