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DISINVESTMENT: A drop in the total quantity of capital in the economy because the depreciation of existing capital is greater than investment in new capital. In other words, the capital we have is wearing out faster than we're replacing it with new stuff. This isn't good. At best, it limits economic growth and might even cause the economy's pie to shrink if increases in other resources don't kick in.
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PRODUCT A generic term for a tangible good or an intangible service that is the output or end result of the resource transformation process of a business firm. This notion of product usually surfaces in the context of analyzing the short-run production of a firm, often modified by the terms total, marginal, and average, as in total product, marginal product, and average product.
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway wanting to buy either a box of multi-colored, plastic paper clips or several orange mixing bowls. Be on the lookout for vindictive digital clocks with revenge on their minds.
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A communal society, a prime component of Karl Marx's communist philosophy, was advocated by the Greek philosophy Plato.
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"You are the only problem you will ever have and you are the only solution. Change is inevitable, personal growth is always a personal decision." -- Bob Proctor, Author and Speaker
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