Glossary

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treasury bill

Subject: 

  • Economics

a short-term investment issued by the government with no risk.

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profit
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the difference between the revenue received from the sale of output and the opportunity cost of...

intangible
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those factors which cannot be measured such as reliability and good service.

GDP at factor cost
Subject:
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the amount of money that firms actually receive for the output that they produce

sweatshops
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Economics

working environments with unhealthy conditions usually in developing countries where conditions...

normal profit
Subject:
Economics

the minimum level of profit needed for a company to remain competitive in the market.