the profits that come from hiring and using labor and natural resources
Population
Four generally accepted types include: land, labour, capital, and human capital.
do economiists use the term investment to signify physical or mental work
dissaving
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
Population
Four generally accepted types include: land, labour, capital, and human capital.
do economiists use the term investment to signify physical or mental work
dissaving
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.
Economists use the word equity for fairness
can long term gains be offset by short term losses
My tractor is an example of physical capital
additional satisfaction gained by the consumption of one more unit of a good.
The word German can be a proper noun or a proper adjective. The noun refers to someone in or from Germany (a German), or the language spoken there. *as a genealogy term, it does not use a capital G
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)