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A child spends a great deal of time at the local roller rink and becomes proficient at roller-skating. One winter the child puts on a pair of ice skates, finds a frozen pond, and never having ice-skated before, proceeds to ice-skate with seemingly little effort. This is an example of
Intangible Assets
Assets that lack physical substance, such as patents, trademarks, and goodwill.
Physical Substance
The material form or physical presence of an asset, distinguishing tangible assets from intangible ones.
Market Forces
The natural dynamics of supply and demand that determine the prices and availability of goods and services in an economy without external influences.
Comparisons
The act or instance of examining the similarities and differences between two or more items.
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