Economy Simplified: Learn about Gross Investment, Depreciation, Net Investment and Inventory
That part of our final output that comprises capital goods constitutes gross investment of an economy.
Economy Simplified
Economy Simplified: What are Flows and Stocks?
Flows are defined over a period of time and Stocks are defined at a particular point of time.
Economy Simplified: What are Flows and Stocks? Read More »
Economy Simplified: Learn about these terms- Consumer Goods, Capital Goods and Intermediate Goods and Final Goods
Consumer Goods are consumed when purchased by their ultimate consumers .
Economy Simplified: What are Factors of Production? Also what are Factor Payment and Factor Services?
Factors of production are the inputs needed for creating a good or service, and the factors of production include land, labor, entrepreneurship, and capital.