In the Long Run, Competitiveness Depends on an Industry's Natural

question 17

True/False

In the long run, competitiveness depends on an industry's natural resources, its stock of machinery and equipment, and the skill of its workers in creating goods that people want to buy.

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Definitions:

Perpetuity

A type of annuity that generates an infinite series of payments into the future, without an end date.

Present Value

The value now of a future monetary total or cash flows, based on an established return rate.

Cash Flow

The overall flow of cash and assets similar to cash entering and exiting a corporation.

Present Value

The value today of a sum of money expected in the future or a series of financial inflows, calculated with a specified rate of interest.