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Capital Goods, Real Capital or Capital Assets: Buildings, Machines, Equipment, Furniture and Fixtures
Capital Goods, Real Capital or Capital Assets: Buildings, Machines, Equipment, Furniture and Fixtures
Labor force
- People working together in an organization
- 16+
- Volunteer?
- Economy-boosts production and capital
- i.e working at a restaurant, shop, teaching
Technology
- Boosts production, makes more time for other places to be developed
- Can also decrease labor force
- Boosts economy
- Useful
- Boosts needs for capital goods
- Benefit health (sometimes)
- Artificial Hearts
- Internet
- Social Media
- Games
- Electric Cars
Power sources
-Electricity
-Hydro
-Solar
-Wind
-Thermal
- Fossil
-Coal, oil, natural gas
-Biofuel
-Diesel
-Nuclear
- Power is needed for everyday use (transportation, for technology, machinery)
-
Transportation
- Cars
- Buses
- Boat
- Train
- Bikes/skateboards/scooter/roller blading
- Plane
- Facilitate moving around and saves time
- Public:
- Breathing fresh air, driving safely, being physically active, and avoiding excessive stress
- AirCanada
- Wheels
- Longer distance for carrying food-supports larger population
Natural Resources
-ESSENTIAL
-Allows building without costs, just labor
-Shelter, transportation, furniture (Capital goods!) etc.
-Tech can facilitate
-Trading
- Wood!
- Grain, oil, and textiles were used to trade for timber, wine, and precious or rare stones.
Mesopotamia's major resources were its water and fertile soil
Markets
-Makes economy and business easier
-Stock Market
-Jobs