In business, the term ‘aggregate’ refers to the total sum or combination of various elements. It is often used to describe the overall performance, data, or results when individual components are combined. For example, in financial terms, aggregate revenue is the total revenue generated by all divisions or units of a company. Similarly, aggregate demand represents the total demand for goods and services within an economy. Understanding aggregates helps businesses and economists analyze trends, make informed decisions, and develop strategies based on comprehensive data.
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