Term
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Definition
industries that are owned by the government |
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Term
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Definition
they are goods that are not yet ready for sale to the final consumer |
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Term
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Definition
it is the production in a factory of large amounts of products that look the same |
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Term
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Definition
they are goods that are used to produce consumer goods as well as other capital goods |
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Term
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Definition
this are industries or businesses that are owned and controlled by individuals |
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Term
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Definition
goods that satisfy human wants or needs directly such as food, clothing and shelter. |
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Term
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Definition
| it is production done by micro, small and medium-sized businesses that are usually privately owned ,have a small number of employees and relatively low volume of production and sales. |
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Term
EXAMPLES OF CAPITAL GOODS |
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Definition
machinery
factories
trucks
equipment |
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Term
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Definition
| Comprises all those enterprises that are not legally registered and whose production is not recorded. |
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Term
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Definition
| production that requires a great deal of capital and relatively few workers. |
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Term
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Definition
| Consist of all the legally registered businesses whose value of production is recorded in the official Gross Domestic Product (GDP) |
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Term
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Definition
| Industries use less capital equipment and more workers. |
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