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15 Cards in this Set
- Front
- Back
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tangible (eg ipad, car, shoes) |
goods |
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intangible( eg consulting, haircuts, banking) goods not held in hand=education, health care,etc |
services |
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money flowing in |
expenses |
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money flowing out |
expenses |
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revenues>expenses |
profit |
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expenses>revenues |
loss |
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eg toyota, nike |
manufacturing |
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goldman sachs, ernst and young. |
service |
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costco, target, sam's club |
intermediaries |
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what do you get for your money? |
standard of living |
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what is the general well-being of a society (eg healthcare, environment, education, safety) |
quality of life |
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achieving a goal |
effectiveness |
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achieving a goal with minimum resources |
efficiency |
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quantitative measure relating output to input( eg labor hours needed to produce a car) |
productivity |
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study of population characteristics |
demography |
