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Figure 2-4
-In Figure 2-4,SBUs found in quadrant D would be called
Labor Productivity
The measure of economic output per unit of input, typically calculated as total output divided by the number of hours worked.
Rules Of The Game
The laws, customs, manners, conventions, and other institutional elements that determine transaction costs and thereby affect people’s incentive to undertake production and exchange.
Tax Laws
The legal standards and regulations governing the collection of taxes by the government from individuals and organizations.
Property Rights
The legal rights to use, control, and derive benefits from a property or resource, including the right to exclude others from doing so.
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