“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the______________?
What refers to the amount of a product made available for sale ?
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?
Under ordinary simple interest, how many days in one year ?
The difference between the present and future worth of money at some time in the future is called __________________?
One banker’s year is equivalent to ________________ days?
What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?
What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn ?
Perfect monopoly exists only if_______________?
Oligopoly exists when there is/are _______________?
