Online Mayhem I: Metallica Versus Napster
Glossary terms from:
A written order to a financial institution directing the financial institution to pay a stated amount of money, as instructed, from the customer's account.
The allocation or dividing up of the goods and services a society produces.
Trading a good or service for another good or service, or for money.
A new idea or method.
The amount of money that people pay when they buy a good or service; the amount they receive when they sell a good or service.
An original amount of money invested or lent.
A basic institution in a market economy, private property involves the right to exclusive use, legal protection against invaders and the right to transfer property to other. Property rights are defined, enforced and limited through the process of government.
Legal protection for the boundaries and possession of property. Assigning of property rights to individuals, collectives or governments depends on the economic system.
An exchange of goods or services for money.
Activities performed by people, firms or government agencies to satisfy economic wants.
The exchange of goods and services for money or other goods and services.
Effort applied to achieve a purpose or result, often for pay; skills and knowledge put to use to get something done; employment at a job or in a position; occupation, profession, business, trade, craft, etc.