Goods, tools, or skills that are produced for use in further production.
One who seeks the best opportunities for production and takes risks when
making such decisions.
See enterpriser.
See resources.
The skills that people use in combination with their labor effort.
One who brings an invention out of the laboratory, makes it practical,
and applies it to actual production.
One who discovers or devises a new or improved process or product.
All kinds of human work efforts that are or can be directed at production
or enterprise.
All things provided by nature that can be used in production.
The true cost of choosing one alternative over another; the best
alternative for gone when a choice is made.
The limits to the quantities of goods and services that can be produced
during any given time period with a given supply of resources
including technological knowledge.
A curve that represents all the alternative maximum combinations that can
be produced during a given time period with a given supply of
resources including technological knowledge.
Input; the ingredients necessary for producing goods and services
(output).
A condition that exists when the amount of something actually available
and free of charge would not be sufficient to meet some
requirement.
The ability to combine resources in producing the goods and services that
a society wants.
When one good or service must be given up to gain a certain quantity of
another good or service.
