Glossary A-Z
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occupation
Occupation is classified according to Malaysia Standard Classification of Occupations (MASCO) based on the International Standard Classification of Occupations (ISCO). Occupation is classified according to the MASCO 2008 based on ISCO-08.
Source : Social
Source Detail : Informal Sector Workforce survey Report
ocean dumping
Deliberate disposal of wastes at sea from vessels, aircraft platforms or other human-made structures. It includes ocean incineration and disposal into the seabed and sub-seabed.
Source : Environment
Source Detail : Compendium of Enviroment Statistics
on-life insurance claims
Non-life insurance claims are the amounts payable in settlement of damages that result from an event covered by a non-life insurance policy during the current accounting period.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
operating lease
An operating leasing is one where the legal owner is also economic owner and accepts the operating risks and receives the economic benefits from the asset by using it in a productive activity.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
operating surplus
Operating surplus is described as mixed income because it implicitly contains an element of remuneration for work done by the owner, or other members of the household, that cannot be separately identified from the return to the owner as entrepreneur.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
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