The Productive Blues (Jeans)
Glossary terms from:
Any activity or organization that produces or exchanges goods or services for a profit.
Resources and goods made and used to produce other goods and services. Examples include buildings, machinery, tools and equipment. In the context of credit transactions, capital is one of the Three Cs of Credit. It is an indicator of how creditworthy a prospective borrower is likely to be as determined by the borrower's current financial assets and net worth.
Resources made and used to produce and distribute goods and services; examples include tools, machinery and buildings.
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.
Decision made or course of action taken when faced with a set of alternatives.
A legal entity owned by shareholders whose liability for the firm's losses is limited to the value of the stock they own.
The opportunity to borrow money or to receive goods or services in return for a promise to pay later.
One who draws upon his or her skills and initiative to launch a new business venture with the aim of making a profit. Often a risk-taker, inclined to see opportunity when others do not.
Tangible objects that satisfy economic wants.
The health, education, experience, training, skills and values of people. Also known as human capital.
A good that is used in the production of final goods and services.
The quantity and quality of human effort available to produce goods and services.
"Gifts of nature" that can be used to produce goods and services; for example, oceans, air, mineral deposits, virgin forests and actual fields of land. When investments are made to improve fields of land or other natural resources, those resources become, in part, capital resources. Also known as natural resources.
"Gifts of nature" that can be used to produce goods and services; for example, oceans, air, mineral deposits, virgin forests and actual fields of land. When investments are made to improve fields of land or other natural resources, those resources become, in part, capital resources. Also known as land.
A good or service that can be used to satisfy a want.
A process of manufacturing, growing, designing, or otherwise using productive resources to create goods or services used to to satisfy a want.
Natural resources, human resources, capital resources and entrepreneurship used to make goods and services.
The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital.
Activities performed by people, firms or government agencies to satisfy economic wants.
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.
People employed to do work, producing goods and services.