o   labour costs

o   labour-intensive industries

o   lagging economy

o   laisser-faire economy

o   land reform

o   land tax

o   large-scale

o   law of supply and demand

o   leading indicator

o   leading industries

o   leading/cutting edge technology

o   leasing

o   less developed countries

o   life cycle

o   life expectancy

o   light industry

o   limited liability company

o   liquidity ratio

o   living standard

o   long-term

o   luxury goods industry