Examlex

Solved

What Are Resources? Describe Two Different Types of Resources

question 23

Essay

What are resources? Describe two different types of resources.


Definitions:

Equity Capital

Equity Capital is the amount of money that is invested in a company by its owners, in exchange for ownership interest in the company.

Rental Cost

The amount of money that must be paid regularly to lease a property or equipment.

Economic Profit

The distinction between aggregate income and comprehensive charges, covering both manifest and inferred expenses.

Opportunity Cost

The value of the best alternative foregone when making a decision.

Related Questions