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FACTORY: The building and equipment (the physical capital) at a particular location used for the production of goods and services. A factory often takes the form of the conventional assembly-line system, but it need not. As the building and equipment used for production, a factory can also be restaurant, doctor's office, or university classroom. Moreover, while a factory is often associated with the notion of firm or business, they need not be one and the same. A firm can, often does, own more than one factory and a factory can be owned by more than one firm.
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Lesson 17: Money | Unit 3: Monetary Aggregates
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Page: 11 of 25
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The United States uses currency, coins, and checks as money, which is M1. We have several different 'definitions' of money called monetary aggregates. Monetary aggregate M1: - It is the sum of currency and coins held by the non-bank public, and checkable deposits.
- These are the items in our economy that are generally accepted in payment and regularly used for market transactions.
- We have over one trillion dollars of M1.
- Total M1 averaged over 270 million people in the U. S. is about $4,000 per person.
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WANTS The psychological desires which make life just a little more enjoyable, but which are not biological necessities for life. Psychological wants are often contrasted with physiological needs that make life more enjoyable, but are not essential for existence.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time searching for rummage sales hoping to buy either several magazines on fashion design or a package of 3 by 5 index cards, the ones without lines. Be on the lookout for infected paper cuts.
Your Complete Scope
This isn't me! What am I?
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The 22.6% decline in stock prices on October 19, 1987 was larger than the infamous 12.8% decline on October 29, 1929.
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"We succeed in enterprises (that) demand the positive qualities we possess, but we excel in those (that) can also make use of our defects." -- Alexis de Tocqueville, Statesman
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ANN REPT
Annual Report
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