Examlex
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
New Order
Family
A social unit consisting of individuals related by blood, marriage, or other forms of partnership and commitment.
Present Value
The current value of a future sum of money or stream of cash flows, given a specified rate of return.
Economic Rent
It is the payment to an owner or factor of production in excess of the costs needed to bring that factor into production. In other words, it's the extra income earned from a resource without investing in additional effort or cost.
Net Productivity
The actual output after subtracting the inputs used in the production process, indicating the efficiency of production.
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