goods tangible commodity 1. consumer goods intended for final use by individuals 2. capital goods -...

Goods – tangible commodity nsumer Goods ded for final use dividuals . Capital Goods Manufactured goods sed to produce ther goods

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Productivity – efficient use of productive resources. Productivity increases when: -More output is produced with the same input -Same output is produced with fewer inputs ©

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Goods – tangible commodity

1. Consumer GoodsIntended for final useby individuals

2. Capital Goods- Manufactured goodsused to produceother goods

Services – intangible – we pay others to dosomething for us

Page 3: Goods tangible commodity 1. Consumer Goods Intended for final use by individuals 2. Capital Goods - Manufactured goods used to produce other goods

Productivity – efficient use of productiveresources. Productivity increases when:

-More output isproduced with the same input

-Same output isproduced withfewer inputs

Page 4: Goods tangible commodity 1. Consumer Goods Intended for final use by individuals 2. Capital Goods - Manufactured goods used to produce other goods

Division of Labor – work is arranged so thatindividual workers do fewer tasks than before

Page 5: Goods tangible commodity 1. Consumer Goods Intended for final use by individuals 2. Capital Goods - Manufactured goods used to produce other goods

Specialization of Labor – factors ofproduction perform tasks that theycan do more efficiently than others-applies to all factors of production

Ecosystem Goods and Services: Where are We? · Ecosystem Goods • Ecosystem services, while generally unnoticed by humans, produce a range of ‘goods’ that are tangible, material

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THE PARTNERSHIP SCORECARD - Optimice · Mechanisms like the Balanced Score Card (Kap‐ ... Traditional transactional economics identifies tangible exchanges where goods and services

Taking Risks and Making Profits within the Dynamic Businessrvhs.redmond.k12.or.us/files/2013/12/crouch_Chap001.pdf · Entrepreneurship and Wealth Building •Goods -- Tangible products

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