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ACTUAL INVESTMENT: Investment expenditures that the business sector actual undertakes during a given time period, including both planned investment and any unplanned inventory changes. This is a critical component of Keynesian economics and the analysis of macroeconomic equilibrium, which occurs when actual investment is equal to planned investment. The difference between planned and actual investment is unplanned investment, which is inventory changes caused by a difference between aggregate expenditures and aggregate output. Should actual and planned investment differ, then aggregate expenditures are not equal to aggregate output, and the macroeconomy is not in equilibrium.
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FREE GOOD: A resource is free if it can produce all of the goods people want or need it to produce... and then some. Being free, however, doesn't mean a resource is not limited. Maybe it's free because people just can"t figure out what to do with it. Or if it is used for production, people don"t want all that's produced. For most of the time across most of this planet air is a free good. In other words, there is plenty of air to go around, plenty of air to satisfy all of the existing wants and needs. Does this mean that air is NOT valuable? Quite the contrary. Air is extremely valuable. It provides one of the most important inputs into human life. It's a free resource because there's enough to go around. See also | scarcity | opportunity cost | goods | services | wants | needs | satisfaction | scarce good | free resource | scarce resource |
Recommended Citation:FREE GOOD, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: August 16, 2026].
AmosWEB Encyclonomic WEB*pedia:Additional information on this term can be found at: WEB*pedia: free good
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COST An alternative term for economic or opportunity cost, which is the highest valued alternative foregone in the pursuit of an activity. Opportunity cost is one of the most fundamental concepts used in the study of economics, hence when the term cost is used in the study of economics without modification, it usually means economic or opportunity cost.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time searching the newspaper want ads hoping to buy either a tall storage cabinet with five shelves and a secure lock or a birthday greeting card for your grandmother. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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This isn't me! What am I?
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The 1909 Lincoln penny was the first U.S. coin with the likeness of a U.S. President.
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"If I have ever made any valuable discoveries, it has been owing more to patient attention than to any other talent. " -- Isaac Newton, mathematician, physicist
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GAB
General Agreements to Borrow
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