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March 2, 2024 

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TEAMSTERS UNION: The common name for the International Brotherhood of Teamsters, which is one of the largest labor unions in the United States, this was established in 1903 and represents truck drivers, chauffeurs, warehouse workers, and labor in related activities. Their name was taken from the teamsters of the 1800s who guided wagons pulled by teams of horses or other animals. Their modern day counterparts have replaced teams of horses with diesel engines, but their function remains much the same. The Teamsters Union was originally part of the AFL-CIO, but was expelled in 1957 due to corruption among union leaders. The Teamsters Union rejoined the AFL-CIO in 1987.

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FINANCIAL CAPITAL: A legal claim to or ownership of a physical asset. Common financial assets are stocks, bonds, money, and government securities. These are also termed paper assets.

     See also | asset | legal claim | corporate stock | bond | government security | financial markets |


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TOTAL FACTOR COST CURVE

A curve that graphically represents the relation between total factor cost incurred by a firm when using a given factor of production to produce a good or service. The total factor cost curve is most important in factor market analysis for the derivation of the marginal factor cost curve. Two related factor cost curves are average factor cost curve and marginal factor cost curve.

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ORANGE REBELOON
[What's This?]

Today, you are likely to spend a great deal of time at a garage sale trying to buy either several orange mixing bowls or clothing for your pet dog. Be on the lookout for strangers with large satchels of used undergarments.
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This isn't me! What am I?

Lewis Carroll, the author of Alice in Wonderland, was the pseudonym of Charles Dodgson, an accomplished mathematician and economist.
"Success is liking yourself, liking what you do, and liking how you do it."

-- Maya Angelou, Poet and Author

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