An indication that something which could have been subtracted has not been. The word appears in economics in a variety of contexts. The gross weight of a product includes packaging; net weight is gross weight minus the weight of any packaging. Gross investment is total investment spending, before making any deduction for capital consumption, which is subtracted to get net investment. Similarly, gross domestic product (GDP) is the total of production for consumption, investment and government use, before making any deduction for capital consumption; net domestic product is GDP minus capital consumption. Gross assets are total assets held, disregarding any liabilities; net assets are gross assets minus liabilities.

• London Inter Bank Offered Rate
• London International Financial Futures and Options Exchange
• long-dated security
• long position
• long rate
• long run
• long-run average cost
• long-run marginal cost
• long-run Phillips curve
• long-term interest rate
• long-term unemployment
• Lorenz curve
• loss
• loss leader
• Louvre Accord
• loyalty, brand
• Ltd
• Lucas critique
• lumpiness
• lump of labour
• lump-sum tax
• luxury
• M0
• M1
• M2