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SALES MAXIMIZATION: The notion that business firms (especially those operating in the real world) are primarily motivated by the desire to achieve the greatest possible level of sales, rather than profit maximization. On a day-to-day basis, most real world firms probably do try to maximize sales rather than profit. For firms operating in relatively competitive markets, facing relative fixed prices, and relatively constant average cost, then increasing sales is bound to increase profits, too. Moreover, according to the notion of natural selection, even firms that seek to maximize sales, those that also maximize profit will remain in business.
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Lesson 17: Money | Unit 3: Monetary Aggregates
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Page: 12 of 25
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M2 is a broader measure of money that includes M1 plus what we can call near money.- We have over four trillion dollars of M2 in total.
- Total M2 averaged over 270 million people is about $15,000 per person.
Near monies: - These are temporary savings, a pool of funds that can be accessed quickly and easily.
- These funds are very liquid, but not perfectly liquid as M1.
- Some people, specially economists, argue that M2 is the best indicator of our total supply of 'money.'
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GROSS NATIONAL PRODUCT The total market value of all final goods and services produced by the citizens of an economy during a given period of time, usually one year. Gross national product, often abbreviated simply as GNP, was once the official measure of how much output the U.S. economy produced. In the early 1990s, however, it was replaced by gross domestic product (GDP).
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
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"always remember an epitaph which is in the cemetery at Tombstone, Arizona. It says: „Here lies Jack Williams. He done his damnedest.¾ I think that is the greatest epitaph a man can have ‚ When he gives everything that is in him to do the job he has before him. That is all you can ask of him and that is what I have tried to do. " -- Harry Truman, 33rd US president
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DIDC
Depository Institutions Deregulation Committee
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