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I: The standard abbreviation for investment expenditures by the business sector, especially when used in the study of macroeconomics. This abbreviation is most often seen in the aggregate expenditure equation, AE = C + I + G + (X - M), where C, G, and (X - M) represent expenditures by the other three macroeconomic sectors, household, business, and foreign.
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Lesson 13: The Firm | Unit 4: U.S. Firms
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Page: 21 of 24
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In this unit, you should have learned about:- The distribution of productive activity among proprietorships, partnerships, and corporations in the U.S. economy.
- How proprietorships tend to be small scale operations, with 73% of the firms producing only 5% of the output.
- How corporations tend to be large scale operations, with 20% of the firms producing 89% of the output.
- The types of industries -- construction, transportation, trade, and services -- that tend to attract proprietorships.
- The types of industries -- agriculture, mining, and especially finance -- that tend to attract partnerships.
- The types of industries -- mining, manufacturing, trade, and finance -- that tend to attract corporations.
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RESOURCE PRICES, SUPPLY DETERMINANT The prices of the resource inputs that affect production cost and the ability to sell a particular good, which are assumed constant when a supply curve is constructed. An increase in resources prices causes a decrease in supply and a decrease in resource prices causes an increase in supply. Resources prices are one of five supply determinants that shift the supply curve when they change. The other four are production technology, other prices, sellers' expectations, and number of sellers.
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time searching for a specialty store seeking to buy either a printer that works with your stockpile of ink cartridges or income tax software. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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In the late 1800s and early 1900s, almost 2 million children were employed as factory workers.
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"The road to success is always under construction. " -- Lily Tomlin, Actress
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NPV
Net Present Value
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