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PHYSICAL WEALTH: The ownership of productive resources, capital, and property and satisfaction-generating goods. Also termed real wealth. This should be contrasted with financial wealth that is based on ownership of financial or paper assets.
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ALLOCATIVE EFFICIENCY Obtaining the most consumer satisfaction from available resources. In other words, resources are allocated in such a way that consumer satisfaction is at its highest possible level. This is also termed either efficiency or economic efficiency.
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Only 1% of the U.S. population paid income taxes when the income tax was established in 1914.
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"Whenever you see a successful business, someone once made a courageous decision." -- Peter F. Drucker, business strategist
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T-BOND
Treasury Bond
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